Attached herewith Intimation for Change in Directorate of Mangalam Industrial Finance Limited
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Mr. Nikhil Bhagwanshanker Dwivedi (DIN: 08865234), a Non-Executive Independent Director of Mangalam Industrial Finance Ltd, has resigned from the board effective 23rd April 2025 after the close of business hours. The reason cited is his need to frequently travel abroad. He was also a member of three key board committees — Audit Committee, Nomination & Remuneration Committee, and Stakeholders Relationship Committee — and has automatically ceased to be a member of all of them. The company has confirmed there are no other material reasons behind the resignation. The Managing Director, Venkata Ramana Revuru, signed the intimation to BSE under Regulation 30 of the SEBI Listing Regulations.
This is a routine, personal-reason resignation with no governance red flags. The board will need to fill one independent director vacancy within the SEBI-mandated timeframe, but it is unlikely to materially affect the stock price or operations.