This is to inform you that the Mr. Pranav Kapur, Non Executive and Non Independent Director, Mr. Sunny Srivastava, Non Executive Independent Director, Mr. Naren Parsai, Non Executive Independent ....
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
On October 18, 2025, five members of the board stepped down with immediate effect: Mr. Pranav Kapur (Non-Executive Non-Independent Director), Mr. Sunny Srivastava, Ms. Mannu Kohli, and Mr. Naren Parsai (all Non-Executive Independent Directors), and Ms. Chandni Kapur (Executive Director and CFO). The Independent Directors cited personal reasons and confirmed no other material reasons for their exit. The board promptly reconstituted the Audit Committee, Nomination and Remuneration Committee, and Stakeholders Relationship Committee with new members. The company stated the change is part of its governance commitment and will have no impact on operations, business, or performance.
A sudden exit of 5 board members including the CFO is unusual and may raise governance concerns among investors, though the company insists there is no operational impact. Watch for compliance around minimum board strength and independent director requirements in the coming filings.