Please find the Intimation regarding Resignation of Non-Executive Independent Directors.
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
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Hem Holdings & Trading Ltd informed the stock exchanges that two Non-Executive Independent Directors have resigned from the board with effect from September 17, 2025. Mr. Dolar Kirit Shah (DIN: 09515662) and Mr. Jigar Pankajbhai Dave (DIN: 10420277) both cited personal reasons for stepping down. Both directors confirmed there are no other material reasons for their resignation beyond what was stated in their resignation letters, and neither holds directorships in any other listed entity. The resignations were signed off by Managing Director Sangeeta K Shah, who continues in her role.
Losing two independent directors on the same day could raise governance concerns if the company does not fill the vacancies quickly, as SEBI rules require a minimum number of independent directors on the board. For shareholders, this is a modest governance watchpoint but not alarming since the resignations are stated to be for personal reasons with no material issues flagged.