EXCEL REALTY N INFRA LIMITED has informed the Exchange about Resignation of Independent director.
LANDSMILL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On March 26, 2026, the board accepted the resignations of three directors: two Non-Executive Independent Directors — Mr. Rajat Raja Kothari and Mr. Himanshu Surendra Kumar Gupta — and Whole-Time Director Mr. Garvit Agarwal, all citing pre-occupation and personal commitments. None of the directors mentioned any material reasons beyond personal ones. The company, already rebranding from 'Excel Realty N Infra' to 'Landsmill Green', now proposes a further name change to 'Poweris Green Energies Limited' (or alternatives like Voltasure/Ecovira Green Energies), subject to shareholder approval via postal ballot from March 29 to April 27, 2026. The trading symbol will shift to 'Landsmill' from April 2, 2026. The board also acknowledged a prior procedural lapse where a Practicing Chartered Accountant's certificate was inadvertently omitted from the earlier name-change notice, which has since been corrected.
Three board exits in a single meeting — including both independent directors and a whole-time director — raise governance and continuity concerns for shareholders, especially as the company is simultaneously undergoing a name and likely business-direction change toward green energy. The lack of disclosed material reasons limits deeper interpretation, but the scale of the reshuffle warrants close attention to the postal ballot outcome and any incoming director appointments.