Intimation of Receipt of Resignation of Independent Directors
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Kiran Syntex Ltd has informed the BSE that two Non-Executive Independent Directors, Mr. Manojkumar Dhirajbhai Patel (DIN: 05294851) and Mr. Dineshkumar Dhirajbhai Patel (DIN: 05294840), have resigned from the board effective 14th November 2025. Both cited pre-occupation with other activities as the reason and also stepped down from all board committee memberships. Neither director holds directorship in any other listed company, and both have confirmed there are no other material reasons for their resignation. The Managing Director, Mr. Maheshkumar Motiram Godiwala, signed the intimation on 6th November 2025.
Losing two independent directors at once may raise concerns about board composition and governance continuity, as the company will need to find replacements to meet SEBI's minimum independent director requirements. However, the stated reason appears routine and both directors confirmed no hidden issues, so the immediate impact on shareholders is likely limited.