In reference to the email received on 21st June, 2025 at 10:49 AM and the intimation of resignation submitted by the Company on 20th June, 2025 at 01:45:04 PM in respect to the resignation ....
Awaiting price reaction for this filing.
Nagarjuna Agri Tech Ltd informed the BSE that three Additional Independent Directors — Mrs. Rachna Suman Shaw, Mrs. Kiran Pandey, and Mr. Sumit Sengupta — resigned from the board with effect from 19th June, 2025. All three confirmed there were no material reasons for their resignation beyond what was stated in their resignation letters. The BSE had raised a discrepancy about missing disclosures (other listed-entity directorships) under SEBI's November 2024 circular, which the company has now clarified in Annexure A. Rachna Suman Shaw was also a director on Dhruva Capital Services Limited, while the other two held no other listed-entity directorships.
Three independent directors stepping down on the same day is a notable governance event — it reduces board strength and may weaken independent oversight until new directors are appointed. Shareholders should watch for timely appointment of replacement independent directors to restore compliance.