Intimation of Resignation of Mr. Mudit Sehgal , Independent Director of the Company w.e.f 31st May 2025
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Mr. Mudit Sehgal (DIN: 07684666) has tendered his resignation as Independent Director of My Money Securities Ltd, effective May 31, 2025. In his resignation letter, he stated the reason as personal priorities and explicitly confirmed there is no disagreement with the management or Board. He holds no other listed entity directorships (NIL) and stated there are no other material reasons for his resignation. The intimation was filed under SEBI Listing Regulations by Sanjai Seth, Whole Time Director & CFO, on May 15, 2025. The company now has a vacancy on its board that will need to be filled to maintain the required composition under company law.
For shareholders, this is a routine board change with no governance red flags since the director resigned for personal reasons with no disagreement noted. However, the company will need to appoint a new Independent Director to comply with minimum board composition requirements, which is a standard regulatory follow-up.