Lasa Supergenerics Limited has informed the Exchange regarding Resignation of Mr Mr. Hardesh Tolani as Non- Executive Independent Director of the company w.e.f. July 31, 2025.
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Mr. Hardesh Tolani (DIN: 07811319) has resigned as Non-Executive Independent Director of Lasa Supergenerics Limited with effect from July 31, 2025. In his resignation communication, he cited the company's non-operational status and lack of active business operations as the reason, stating these conditions limited his ability to meaningfully contribute as a board member. He confirmed there are no other material reasons for his exit and holds no other directorships in listed entities. The company has disclosed this under SEBI Listing Regulations and filed the resignation letter with the exchanges.
This resignation is a red flag for shareholders — an independent director publicly stepping down citing the company's non-operational status and lack of business activity raises serious concerns about the company's going concern and governance. Investors should monitor for further updates on business revival, board reconstitution, and any signs of financial distress.