Mr. Sagar Tanwar ceased to be Non Executive Non Independent Director w.e.f. August 14, 2025
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Mr. Sagar Tanwar, Non-Executive Independent Director of MPDL Limited, has resigned from the Board effective August 14, 2025. He cited personal commitments and pre-occupation, stating he was unable to give required time to his duties as an independent director. He confirmed there are no material reasons behind his resignation other than those mentioned. The filing notes that he does not hold directorship in any other listed company.
A single independent director exit for personal reasons usually has limited direct stock impact, though it temporarily reduces the board's independent strength. Shareholders should watch for a timely replacement appointment to comply with the minimum independent director requirement under SEBI rules.