HOV Services Limited has informed the Exchange regarding Resignation of Mrs. Lakshmi Kumar, Independent Director as Independent Director of the company w.e.f. July 12, 2025.
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Mrs. Lakshmi Kumar has stepped down as Independent Director of HOV Services Limited with effect from July 12, 2025, citing pre-scheduled professional commitments. She had completed two consecutive five-year terms (10 years) on the board, with her term due to end on July 20, 2025, meaning she exited eight days early. She has also stepped down from all board committees where she served as chairman or member. In her resignation letter, she confirmed there are no other material reasons for her departure beyond the professional commitments cited. The company has filed the required disclosures under SEBI's Listing Regulations.
This is a routine, orderly transition as her 10-year tenure was already ending. No governance red flags were raised, and her early exit of just 8 days before term-end is unlikely to affect the stock or shareholder interests meaningfully. Investors may want to track whether a replacement independent director is appointed in due course to maintain board composition norms.