Attached herewith Intimation for Resignation of Independent Director of the Company
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Mr. Nikhil Bhagwanshanker Dwivedi (DIN: 08865234) has resigned as Non-Executive Independent Director of Mangalam Industrial Finance Ltd, effective 23rd April 2025. The reason given is his need to frequently travel abroad. With his exit, he also ceases to be a member of the Audit Committee, Nomination & Remuneration Committee, and Stakeholders Relationship Committee of the company. He confirmed there are no other material reasons behind the resignation. The company has disclosed this to BSE under Regulation 30 of SEBI Listing Regulations.
This is a routine single independent director exit citing personal reasons (frequent travel abroad), with no governance concerns flagged. Shareholders should note the board will need to fill the independent director vacancy and committee seats to maintain statutory compliance, but the departure itself is unlikely to materially impact the stock.