Resignation of Mr. Shivam Kumar and Mr. Love kumar from the post of Independent Director.
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Kalpa Commercial Ltd has informed the stock exchanges that two of its Independent Directors, Mr. Shivam Kumar and Mr. Love Kumar, have resigned from the board with effect from 26th August 2025. Mr. Shivam Kumar was also the Chairperson of the Audit Committee and Stakeholder Relationship Committee, while Mr. Love Kumar was a member of these committees. Both directors cited 'pre-occupation' as the sole reason for stepping down and confirmed there are no other material reasons behind their exit. The resignations were communicated by Managing Director Ishant Malhotra under SEBI Listing Regulations.
Two independent directors leaving at once raises governance concerns, as the Audit Committee will lose its Chairperson and another member, potentially affecting board oversight until replacements are appointed. For shareholders, this could mean temporary weakening of independent scrutiny on the board.