Mr. LA Patel and Mr. Vipul Raja, Independent Directors of the Company have tendered their resignation
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Gujarat Credit Corporation Ltd has informed the stock exchanges that two of its Independent and Non-Executive Directors — Mr. LA Patel (DIN: 00227814) and Mr. Vipul H Raja (DIN: 00055770) — have resigned from the board effective from the close of business hours on September 4, 2025. Both directors cited the completion of their term as the reason for stepping down. The disclosures required under SEBI LODR Regulations have been attached as annexures to the filing.
Since the resignations are routine and driven by the natural end of each director's tenure rather than any governance dispute or personal reasons, the impact on shareholders is expected to be minimal. However, the company will need to fill both independent director positions within the timelines prescribed under SEBI and the Companies Act to maintain board composition compliance.