Appointment and Resignation of Independent Directors
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Marc Loire Fashions has reshuffled its board by replacing two Independent Directors. Mr. Saurabh Shashwat and Ms. Rojina Thapa resigned effective November 18, 2025, both citing personal and unavoidable circumstances with no other material reasons stated. To fill these positions, the board appointed Mr. Saurav Gupta (8 years of experience in sales and marketing, formerly at Mezzex Ltd) and Ms. Yamini Soni (7 years in marketing with BLK Hospital and CloudNine Hospital) as Non-Executive Independent Directors effective November 15, 2025, for a 5-year term subject to shareholder approval. The changes were approved at the board meeting held on November 14, 2025, based on the Nomination and Remuneration Committee's recommendation.
This is a routine board reshuffle with like-for-like replacement of independent directors, so it is unlikely to have any material impact on the stock price or business operations. Shareholders will need to approve the new appointments at the next general meeting.