Kanani Industries Limited has informed the Exchange regarding Cessation of Mr Rahul Javeri as Independent Director of the company w.e.f. August 06, 2024.
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Mr. Rahul S. Javeri (DIN: 08721991) has resigned from the position of Independent Director of Kanani Industries Limited, effective August 06, 2024, citing pre-occupation as the reason. In his resignation letter, he confirmed there are no other material reasons for his departure. He did not hold directorships in any other listed entities nor any board committee memberships. The company is submitting this disclosure to NSE in response to an exchange query, with the Managing Director Harshil Kanani signing the reply.
This is a routine single independent director exit due to personal scheduling reasons with no governance red flags raised, and is unlikely to have any material impact on the stock price or shareholders.