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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Two directors, Mr. Vivek Kailashchandra Seksaria and Mr. Yashasvi Vivek Seksaria, have tendered their resignations from the board of Ishwarshakti Holdings & Traders Limited with effect from close of business hours on March 31, 2026. Both cited personal and unavoidable circumstances as the reason for stepping down. Mr. Yashasvi Seksaria will also cease to be a member of the company's Audit Committee. The directors confirmed there are no other material reasons for their resignation beyond those stated. Both share the Seksaria surname, suggesting a family connection to the promoter group. The company secretary Reena Namdev Gavle signed the disclosure dated May 7, 2026.
The simultaneous resignation of two directors from a small board could raise governance concerns for investors, especially given the vague 'personal and unavoidable circumstances' reason. The departure of both Seksaria family members may signal potential changes in promoter-level involvement in the company's management.