Resignation cum unwillingness Letter to get re-appointed as an Independent Director of the Company by Mrs. Bhavish Daliya.
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Nanavati Ventures Ltd has informed the stock exchanges that Mrs. Bhavisha Divyesh Daliya (DIN: 08687844), an Independent Director on the company's board, has submitted her resignation along with her unwillingness to be re-appointed for a second term. Her current term ends on 30th June 2025, after which she will cease to be an Independent Director and a member/chairperson of any board committees. In her resignation letter, she has stated that her involvement with various social organizations makes it difficult for her to devote sufficient time to the company, and she has confirmed there are no other material reasons. The board will formally consider and accept her resignation at the next board meeting, and the company has filed the required disclosures under SEBI LODR Regulation 30.
This is a routine single independent director exit driven by personal reasons (time constraints due to social commitments), with no governance red flags mentioned. For shareholders, the immediate impact is limited, but the company will need to appoint a replacement independent director in due course to maintain statutory board composition requirements.