Additional details with reference to the resignation of the Independent and Non-executive Directors of the Company in furtherance to our announcement dated 04/09/2025
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 6.0 pts more than Nifty Microcap 250 and 5.0 pts more than its Other Financial Services peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
Minute windows have no benchmark: there is no intraday index history to compare against.
Gujarat Credit Corporation Ltd has submitted additional details about the resignations of two Independent and Non-executive Directors — Mr. LA Patel (DIN: 00227814) and Mr. Vipul H Raja (DIN: 00055770). Both directors stepped down effective from the close of business hours on September 4, 2025, citing the end of their term as the reason. Neither director flagged any other material reason for their exit. This filing is a follow-up to the company's earlier announcement made on September 4, 2025, and includes the full resignation letters and SEBI Regulation 30 disclosure details. The company has not yet announced replacements for these two board positions.
The departure of two independent directors at the same time is a routine end-of-term event, but shareholders should watch for prompt appointment of new independent directors to maintain compliance with SEBI's board composition rules and ensure continued board independence.