We wish to inform you that Mr. Vipul Dave (DIN: 01189358), Non-Executive Independent Director of the Company has submitted resignation due to personal reason with effect from 7th May 2025.
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Mr. Vipul Dave (DIN: 01189358), a Non-Executive Independent Director of Kaiser Corporation Ltd, has resigned from the board effective 7th May 2025. The reason cited is personal — he mentioned being occupied with other activities and unable to spare time as a director. The filing was made under Regulation 30 of SEBI LODR Regulations, and his resignation letter is attached as Annexure A. The company has not disclosed who will replace him on the board. The letter is signed by the Managing Director, Bhushan (DIN: 00416032), on behalf of the company.
This is a routine single-director exit with no governance concerns flagged. The board will need to fill the independent director vacancy within the timeframe required by SEBI/Companies Act to maintain the required number of independent directors, otherwise it could attract compliance issues.