Intimation of Resignation of Mr. Kamal Lalani (DIN: 09141815) Independent Director of the Company with effect from September 26, 2025, and Reconstitution of Committees of the Board of Directors.
MADHAVIPL · price
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Mr. Kamal Lalani (DIN: 09141815) has resigned as Independent Director of Madhav Infra Projects Ltd with effect from the close of business hours on September 26, 2025, citing pre-occupancy (personal scheduling reasons). In his resignation letter, he confirmed there are no other material reasons for stepping down and holds no directorships in other listed entities. Following his exit, he also ceased to be a member/chairperson of the Audit Committee, Nomination and Remuneration Committee, and CSR Committee. The Board has reconstituted all three committees by inducting Mr. Nikhil Kaushik, who was already appointed as a Non-Executive Independent Director in February 2025, into these roles. The company has stated this change has no impact on operations, business, or performance.
This is a routine board-level change with no operational or financial implications for the company. Since a replacement was already appointed in February 2025, committee composition and governance oversight remain intact, so shareholders are unlikely to see any meaningful impact on the stock price.