LAXMI COTSPIN LIMITED has informed the Exchange about Resignation of Independent director.
LAXMICOT · price
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Two independent directors of Laxmi Cotspin Limited, Ketan Shankarlal Shah and Vijaykumar Jainarayan Zanwer, resigned from the board with immediate effect on August 7, 2025. Both cited pre-occupation as the reason for stepping down and expressed gratitude to the board for their cooperation during their tenure. The resignations were accepted by Managing Director Sanjay Kacharulal Rathi. Vijaykumar Zanwer also held directorships in three other companies, including One Mind Agro India Limited and Jai Ambay Fertilisers Private Limited.
The simultaneous exit of two independent directors weakens board independence and may raise short-term governance concerns, though the resignations appear routine and personal. Shareholders should watch for timely appointments of new independent directors to maintain the required board composition.