Intimation under regulation 30 of SEBI (LODR) Regulations, 2015 regarding appointment & resignation of Independent Directors
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Millennium Online Solutions has informed the BSE that two Independent Directors — Mr. Subhash Gurudeo Patle and Mrs. Renu Manendra Singh — have resigned from the board citing other professional commitments, effective close of business hours on 19th January 2026. To fill these vacancies, the board has approved the appointment of Mrs. Radhika Ben Patel and Mr. Mukesh Kumar Seni as Additional Non-Executive Independent Directors for a 5-year term from 24th February 2026, subject to shareholder approval at the next AGM. Both new appointees are confirmed as independent of promoters, KMPs, and not debarred by SEBI.
The simultaneous exit and entry of two independent directors suggests a routine board refresh, but the back-to-back resignations (without full-term completion) and large gap between resignation date and intimation date may raise minor governance questions. For shareholders, the key point is that the new directors need shareholder ratification at the upcoming AGM.