We hereby submit resignation of Mr. Krishan Kumar Phophalia as the Non-Executive and Non-Independent Director of the Company with effect from August 25, 2025.
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Multibase India Ltd has informed the stock exchanges about the resignation of Mr. Krishan Kumar Phophalia (DIN: 08395171) from the post of Non-Executive and Non-Independent Director of the company. His resignation will take effect from the close of business hours on August 25, 2025. In his resignation letter dated August 19, 2025, Mr. Phophalia stated that the reason is the realignment of his role to a future ElectronicsCo, requiring him to focus on new responsibilities. The disclosure has been made under Regulation 30 of SEBI LODR Regulations with the resignation letter and required annexure enclosed.
This is a routine board-level change with no disruption to executive management. Since the resigning director held a non-executive, non-independent position and is leaving for an external role realignment, the impact on shareholders or stock price is likely to be neutral.