Resignation of Mr. Paragkumar Raval as Independent Director of the Company
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Mr. Paragkumar Prakashchandra Raval (DIN: 10735752) has resigned from the post of Independent Director of Gujarat Natural Resources Ltd, effective 11th August 2025. The reason cited is personal reasons, and he has confirmed there are no other material reasons behind his exit. His resignation letter, dated 11th August 2025, is enclosed with the filing (Annexure-II). The company has disclosed the details required under Regulation 30 of the SEBI Listing Regulations. The communication is signed by Shalin A. Shah, Managing Director.
A single independent director resigning for personal reasons, with no governance red flags, is generally a non-event for shareholders. However, the company will need to appoint a new independent director within the timelines prescribed under SEBI/rules to maintain board composition compliance.