Melstar Information Technologies Limited has informed the Exchange about Resignation of Director/KMP/SMP
Awaiting price reaction for this filing.
Mr. Subhash Chandra Varshney has tendered his resignation as Non-Executive Independent Director of Melstar Information Technologies Limited effective May 7, 2026. The stated reason is his pre-occupation with other professional commitments. He has also stepped down from his positions on the Audit Committee, Nomination and Remuneration Committee, and Stakeholders Relationship Committee. Mr. Varshney has confirmed that there are no other material reasons behind his resignation beyond what was stated. The company has filed this disclosure under Regulation 30 of the SEBI Listing Regulations, 2015.
The resignation reduces the board's independent director composition and committee coverage. The stock may see minor negative sentiment, though the stated reason (professional commitments) does not indicate any governance concerns or disputes.