Lokesh Machines Limited has informed the Exchange regarding Resignation of Mr S.S. Raman as Independent Director of the company w.e.f. April 29, 2025.
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Lokesh Machines Limited has informed the stock exchange that Mr. S.S. Raman has resigned from the position of Independent Director of the company. The resignation is effective from April 29, 2025. No reasons for the resignation have been disclosed in this filing. The company has not announced a replacement director in this announcement.
The departure of an independent director may marginally impact the board composition, but the company's operations and shareholder value are not expected to be materially affected. Investors may watch for any further disclosures regarding the reason for resignation or a replacement appointment.