Godrej Agrovet Limited has informed the Exchange regarding Resignation of Mr Natarajan Srinivasan as Independent Director of the company w.e.f. July 01, 2025.
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Mr. Natarajan Srinivasan, an Independent Director on the board of Godrej Agrovet Limited, has resigned effective July 1, 2025. According to his resignation letter, the reason is his appointment in an executive role at a competing business, which he felt could be seen as a potential conflict of interest. He also stepped down as Chairman of the Audit Committee and as a member of the Risk Management Committee and Stakeholders' Relationship Committee. Post-resignation, the board will have 13 directors in total, including 6 Independent Directors. The company has made this disclosure under SEBI Listing Regulations to both BSE and NSE.
This is a routine governance disclosure and is unlikely to materially affect the stock price. However, the loss of the Audit Committee Chairman could lead to short-term reshuffling of board committees, and shareholders may want to monitor who replaces him given his role in oversight functions.