Munjal Showa Limited has informed the Exchange regarding Resignation of kazuhiro Nishioka as Non- Executive Director of the company w.e.f. April 08, 2025.
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Munjal Showa Limited has informed the stock exchanges about the resignation of Mr. Kazuhiro Nishioka (DIN: 00602255) as a Non-Executive Director of the company, effective April 8, 2025. The director cited personal pre-occupation and inability to devote sufficient time to the company's affairs as the reason for stepping down. The resignation letter was dated March 31, 2025, but was formally received by the company on April 8, 2025, which under Section 168 of the Companies Act becomes the effective date. He held no other directorships in listed companies or board committee memberships at the time of resignation.
This is a routine board change with no stated governance concerns. It is unlikely to have a material impact on the company's operations or stock price, though shareholders may note the exit of a nominee associated with the company's Japanese collaborator (Hitachi Astemo).