KRITIKA WIRES LIMITED has informed the Exchange about Resignation of Independent director.
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Kritika Wires Limited has informed the stock exchange about the resignations of two Independent Directors from its Board. Niraj Jindal (DIN: 09511808) resigned citing other preoccupations and time-bound responsibilities, while Shiv Kumar Saraff (DIN: 01141657) resigned due to personal commitments and health reasons. Both resignations take effect from the close of business hours on 30th July 2025. Both directors confirmed there are no other material reasons for their departure and stated they would not hold directorship on any listed entity after that date.
Simultaneous resignation of two independent directors may raise concerns about board composition and governance continuity, potentially requiring the company to appoint new independent directors within the stipulated regulatory timeframe to maintain board strength and committee requirements.