LT Foods Limited has informed the Exchange regarding Resignation of Mr Mr. Satish Chander Gupta as Non- Executive Independent Director of the company w.e.f. May 06, 2026.
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LT Foods Limited announced the resignation of two Independent Directors effective May 6, 2026. Mrs. Neeru Singh resigned and will cease to be a member of the Audit Committee, Nomination and Remuneration Committee, and chairperson of the Corporate Social Responsibility Committee and Stakeholders Relationship Committee. Mr. Satish Chander Gupta also resigned citing personal reasons. In her resignation letter, Mrs. Singh mentioned being informed about a desire to review and alter the Board composition in response to feedback from certain investors. Both directors confirmed there are no material reasons for their resignations beyond what was stated in their letters.
The simultaneous resignation of two independent directors could raise concerns about board governance and may signal underlying shareholder-management dynamics. Investors should monitor for replacement appointments to maintain board independence composition as per listing requirements.