LT Foods Limited has informed the Exchange regarding Resignation of Ms Ms. Neeru Singh 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 has resigned from the position of Independent Director and will cease to be a member of the Audit Committee, Nomination and Remuneration Committee, and chairperson of Corporate Social Responsibility Committee and Stakeholders Relationship Committee. Mr. Satish Chander Gupta also resigned citing personal reasons. Both directors have confirmed that there are no material reasons for their resignations other than those stated. Notably, Neeru Singh's resignation letter mentions being made aware of a desire to review and alter the Board composition in response to feedback from certain investors. The company has stated this is being done to facilitate an orderly transition.
The simultaneous resignation of two Independent Directors raises governance concerns and could negatively impact investor sentiment, as it appears linked to investor pressure for board changes. The departure of Neeru Singh also reduces independent oversight on key board committees.