Resignation of Independent Director and Compliance Officer of the company.
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Mayur Leather Products has informed the stock exchange about two resignations effective October 13, 2025. Ms. Vaishali Goyal stepped down as Company Secretary and Compliance Officer to pursue other career opportunities. Mr. Sharad Vyas resigned as Non-Executive Independent Director citing pre-occupation and personal commitments, and also stepped off the Audit Committee and Nomination and Remuneration Committee. Until a new Company Secretary is appointed, CEO Rajendra Kumar Poddar and CFO Akhilesh Poddar will jointly handle compliance officer duties. The Board has reconstituted the affected committees as required.
Two key positions vacated on the same day may raise short-term governance concerns for shareholders, though the CEO and CFO stepping in as compliance officers provides continuity. Investors should watch for timely appointment of a new Company Secretary to avoid any compliance gaps.