Intimation of Resignations pursuant to Regulation 30 of SEBI (LODR), 2015
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Mardia Samyoung Capillary Tubes Company has informed BSE that all three of its Non-Executive Independent Directors — Mr. Gurdeep Saluja, Ms. Pushpa Joshi, and Ms. Bulbul Nebhrajani — have resigned effective August 25, 2025, along with the Company Secretary & Compliance Officer, Ms. Preeti Garg. All four cited 'other professional commitments' as the reason and stated there are no other material reasons. Notably, the three independent directors resigned on the very same day, leaving the board potentially without the minimum independent director strength required under SEBI LODR norms. Managing Director Dhaval Dharmendrabhai Joshi remains in charge. The company has not yet announced any replacements.
The simultaneous exit of the entire independent director panel and the compliance officer is a significant red flag for governance and is likely to be viewed negatively by the market. The company may face SEBI LODR compliance issues for not meeting the minimum independent director requirement, and shareholders should watch closely for fresh appointments and any further disclosures.