Intimation of Resignation of Non-Executive Independent Director under Regulation 30 of SEBI (LODR) Regulations, 2015.
Awaiting price reaction for this filing.
Mr. Sunny Jagpatrai Rai (DIN-10742820) has tendered his resignation as a Non-Executive Independent Director of Silverline Technologies Ltd with effect from the close of business hours on 30th May, 2026. The stated reason for resignation is pre-occupation with other matters. The director has confirmed that there are no other material reasons for his resignation. The Board of Directors has noted the resignation and placed on record its appreciation for his contribution during his tenure. Yakinkumar Bansilal Joshi, Managing Director & CFO, signed the filing on behalf of the company.
The resignation of an Independent Director may raise governance concerns for investors, especially since the reason cited (pre-occupation) is vague. No immediate impact expected, but the stock may see minor negative sentiment given the loss of board independence.