Revised disclosure for Resignation of directors namely Jignesh Shah and Ananya Acharya intimated through letters dated 07/06/2025 and 09/06/2025 respectively. After confirmation in Board ....
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Konndor Industries Ltd has informed the stock exchange about the resignations of two Independent Directors within a short span. Ms. Ananya Acharya stepped down effective June 9, 2025, and Mr. Jignesh Ashvinkumar Shah stepped down effective June 7, 2025. Both directors cited 'pre-occupation' as the sole reason and confirmed there are no other material reasons behind their exit. Mr. Shah continues to serve on the boards of Crestchem Limited and Silver Touch Technologies Limited, while Ms. Acharya does not hold any other listed company directorship. The company currently has only one board signatory mentioned, Director Shashikant Thakar, raising a question about how quickly replacements will be appointed.
Simultaneous resignation of two independent directors can weaken board oversight and may dent investor confidence until new independent directors are inducted. Retail investors should watch for timely appointment of replacements, as a thinly-staffed board could affect governance quality and compliance.