Attached Intimation for Resignation of Independent Director of the Company with effect from 30.06.2026
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Mangalam Industrial Finance Ltd has informed BSE that Mr. Miteshkumar Ghanshyambhai Rana (DIN: 06770916) has resigned from the position of Non-Executive Independent Director, effective from the close of business hours on 30th June 2026. He cited personal commitments and increased professional engagements as the reason, stating he is unable to devote adequate time going forward. He also confirmed there are no other material reasons for his resignation. He will step down from multiple committees including the Audit Committee, Stakeholders Relationship Committee, Nomination and Remuneration Committee, Rights Issue Committee, and Risk Management Committee. Mr. Rana also serves as Independent Director on three other listed companies: I Secure Credit & Capital Services Ltd, Wardwizard Healthcare Ltd, and Shayonara Engineering Ltd.
This is a routine independent director resignation citing personal and professional time constraints with no governance red flags. Shareholders should monitor whether the company fills the vacancy within the regulatory timeline to maintain board composition compliance.