Intimation of resignation of Mr. Vivek Seksaria and Mr. Yashasvi Seksaria, as Directors of the Company w.e.f 31.03.2026
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Awaiting price reaction for this filing.
Two directors of Ishwarshakti Holdings & Traders Limited - Mr. Vivek Kailashchandra Seksaria and Mr. Yashasvi Vivek Seksaria - have tendered their resignations effective from close of business hours on March 31, 2026. Both cited 'personal and unavoidable circumstances' as the reason, with no other material reasons disclosed. Mr. Yashasvi Seksaria will also cease to be a member of the Audit Committee upon resignation. The company acknowledged their valuable contribution as directors. Both resigning individuals appear to be from the Seksaria family (based on shared surname and related residential addresses). No replacements or new appointments have been announced in this filing.
The simultaneous resignation of two family-affiliated directors raises governance concerns for shareholders, as no reasons beyond personal circumstances were provided and no successor plans were disclosed. The stock may face negative sentiment due to the lack of clarity on future board composition and potential instability in leadership.