Khaitan (India) Limited has informed the Exchange regarding Resignation of Mr Sandip Chatterjee as Non- Executive Independent Director of the company w.e.f. July 01, 2025.
KHAITANLTD · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Khaitan (India) Limited has informed the stock exchanges about the resignation of two Independent Directors, Mr. Sandip Chatterjee and Mrs. Sujata Chatterjee, with effect from July 1, 2025. Both cited personal pre-occupations as the reason and confirmed there are no other material reasons for stepping down. With their exit, the company will lose two members from each of three key board committees — Audit Committee, Nomination and Remuneration Committee, and Stakeholder Relationship Committee. Mrs. Sujata Chatterjee also holds a directorship in Khaitan Electricals Limited (Under Liquidation). The company will need to fill these independent director positions to maintain SEBI-mandated board composition requirements.
The simultaneous exit of two independent directors weakens the board's independent oversight and may raise governance concerns, especially since they served on all three key committees. Shareholders should watch for timely appointment of new independent directors to restore compliance with listing regulations.