Intimation of resignation of Independent Directors.
Awaiting price reaction for this filing.
Lords Chemicals Ltd has informed the stock exchanges that two of its Independent Directors, Mr. Trilochan Parida (DIN: 10928302) and Mrs. Sangita Sharma (DIN: 02302454), have resigned from the Board with immediate effect on 11th June 2025. Both cited pre-occupation and other professional commitments as the reason, stating they could not devote the required time to the company. Neither director holds directorships in any other listed entity, and both confirmed there are no other material reasons behind their exit. The resignations were tendered during a Board Meeting held on the same day.
Losing both Independent Directors at once is a notable governance development — the company will need to induct new independent directors soon to comply with SEBI board composition requirements. For shareholders, this raises mild governance watchfulness, though the resignations appear routine and personal rather than conflict-driven.