Intimation of Resignation of Compliance Officer pursuant to Regulation 30 of SEBI (LODR), 2015
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Mardia Samyoung Capillary Tubes Company Ltd informed BSE about four resignations, all effective August 25, 2025. Three Non-Executive Independent Directors — Mr. Gurdeep Saluja (DIN: 10937905), Ms. Pushpa Joshi (DIN: 06838093), and Ms. Bulbul Nebhrajani (DIN: 11215826) — stepped down citing other professional commitments. Additionally, Ms. Preeti Garg resigned from her position as Company Secretary & Compliance Officer, also citing professional commitments. None of the resignation letters disclosed any material reasons beyond professional commitments. The intimation was signed by Managing Director Dhaval Dharmendrabhai Joshi (DIN: 10778731).
The simultaneous exit of three independent directors is unusual and raises governance concerns, as the company must now urgently appoint replacements to comply with SEBI's board composition rules (minimum number of independent directors). The vacancy of the Compliance Officer also temporarily leaves the company without a key managerial personnel responsible for regulatory filings, which could create compliance risk until a successor is appointed.