Intimation of Resignation of Independent Director of the Company.

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Nifty Microcap 250market · in no size index; the smallest one is used-0.1%+5.1% vs market

Non Banking Financial Company (NBFC) peers, median of 205sector+0.0%+5.0% vs sector

On the reaction day the stock moved 5.1 pts more than Nifty Microcap 250 and 5.0 pts more than its Non Banking Financial Company (NBFC) peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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UpDownMarket · Nifty Microcap 250Sector · Non Banking Financial Company (NBFC) peers, median of 205Pending

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AI summary

Mrs. Richa Dani has tendered her resignation as Non-Executive Independent Director of Kuber Udyog Ltd effective May 04, 2026. The reason stated for her resignation is personal reasons. The Company has received confirmation from Mrs. Dani that there are no material reasons behind her departure other than those mentioned in her resignation letter. The resignation has been disclosed in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The Managing Director, Mr. Chetan Shinde, signed the intimation on behalf of the Company.

Likely market impact

The resignation of an independent director could reduce board independence, though with only one independent director leaving, the impact on governance structure is limited. The confirmation of no material reasons may provide some comfort to investors regarding the cause of departure.