LORENZINI APPARELS LIMITED has informed the Exchange about Resignation of Independent director.
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Lorenzini Apparels Limited informed the exchanges that two Independent Directors — Mr. Yogesh Kumar (DIN: 08722626) and Mr. Ajay (DIN: 08556054) — resigned from the Board with immediate effect on March 18, 2026. Yogesh Kumar cited unavoidable personal circumstances, while Ajay cited increased personal commitments. The company has reconstituted three key board committees — Audit Committee, Nomination and Remuneration Committee, and Stakeholders Relationship Committee. Mr. Ish Sadana, an Additional Non-Executive Independent Director, has been appointed as Chairman of all three reconstituted committees. The rest of the committee members remain unchanged, including Mrs. Monam Kapoor, Ms. Sapna Khanna, Mr. Sandeep Jain, and Mr. Rajit Sehgal.
The simultaneous exit of two independent directors is a notable governance event for a small-cap company, but the company has moved quickly to reconstitute all affected committees, maintaining compliance with the minimum independent director requirements. Shareholders should monitor whether these resignations lead to any further board-level changes or signal underlying governance concerns.