HOV SERVICES LIMITED has informed the Exchange about Resignation of Independent director.
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Mrs. Lakshmi Kumar, an Independent Director of HOV Services Limited, has stepped down from the board with effect from July 12, 2025, citing pre-scheduled professional commitments. Her exit comes 8 days before the natural end of her second consecutive 5-year term, totaling 10 years of service on the board. She has also vacated all committee positions where she served as chairman or member. In her resignation letter, she confirmed there are no other material reasons for stepping down beyond the professional commitments mentioned.
This is a routine, orderly transition since the director's term was already nearing completion. No governance red flags were raised, and the resignation is unlikely to affect the stock price. The company will need to appoint a new independent director within the timelines required by SEBI to maintain board composition norms.