Reply on query received on intimation of resignation of Director
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Hindustan Appliances replied to a BSE query regarding the resignation of Mrs. Kanan Hemang Shah (DIN: 03327700) as Non-Executive, Non-Independent Director. Her resignation letter was dated 12th May 2025 but was received by the company on 30th May 2025 via Registered Post. The company clarified that under Section 168 of the Companies Act, 2013, the effective date of resignation is the later of the date specified by the director or the date the notice is received by the company — making 30th May 2025 the effective date. The company confirmed it disclosed the resignation to the stock exchange within the 7-day window required under SEBI LODR regulations.
This is a routine clarification on a single non-executive director's resignation with no disclosed governance concerns or reasons provided. No material impact expected on the stock price or shareholder value.