With reference to earlier corporate announcement submitted by the company under regulation 30 of LODR, regulation 2015, regarding resignation of Independent Director.
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Hittco Tools Ltd submitted a revised disclosure to BSE regarding the resignation of Independent Director Mr. Rajeev Shantilal Desai (DIN: 01551603), effective 28 March 2026. He cited personal reasons and other professional commitments as the cause for stepping down. The original announcement was made on 28 March, and this revised version (dated 30 March) was filed to comply with the SEBI circular dated 11 November 2024 by including complete details such as the resigning director's other directorships and committee memberships. Mr. Desai does not hold directorships in any other listed entity, and he confirmed there are no other material reasons behind his exit.
This is a routine single Independent Director resignation with stated personal reasons and no governance red flags flagged by the director. Shareholders should not expect any material impact on operations or stock price, though the company will need to fill the vacant independent director seat to maintain board composition compliance.