Please find attached intimation letter about resignation of Director due to expiry of 5 years'' term
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Global Capital Markets Ltd has informed the stock exchange that Independent Director Mr. Laxmi Narayan Sharma (DIN: 00356855) has resigned from the board effective end of day March 31, 2025. The resignation is due to the natural expiry of his second 5-year term as an Independent Director and was accepted by the Board on April 1, 2025, on the recommendation of the Nomination and Remuneration Committee. No other material reasons have been cited for the resignation. The letter is signed by Chairman Inder Chand Baid.
This is a routine, expected board change due to the end of a director's tenure and is unlikely to have any material impact on the company's operations or stock price. Shareholders may, however, want to watch for timely appointment of a new Independent Director to maintain statutory board composition.