Please find attached details of resignation of Independent Director with relevant disclosures
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Global Capital Markets Ltd has informed the stock exchanges that Mr. Mahavir Prasad Saraswat has resigned as an Independent Director of the company, effective August 19, 2025. The Board accepted his resignation at a meeting held on the same day, which ran from 10:30 AM to 11:00 AM. The reason cited is old age and health issues, and the company confirmed there are no other material reasons behind the exit. Mr. Saraswat was a member of the Audit Committee and Chairman of the Nomination & Remuneration Committee as well as the Shareholders' Relationship Committee at Global Capital Markets. He also served on the board of GCM Commodity & Derivatives Limited. The filing includes the standard SEBI LODR Regulation 30 disclosures and his resignation letter.
This is a routine, non-controversial exit of one independent director due to personal health and age reasons. No governance red flags are indicated, and no impact on company operations or shareholder value is expected. Investors should watch for the appointment of a replacement independent director in due course to ensure board composition remains compliant.