We wish to inform you that following Independent Directors on the Board of Company has submitted their resignation with effect from March 31, 2025 stating personal reason as cause of resignation: ....
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
NB Footwear Ltd has informed BSE that two Independent Directors on its Board have resigned with effect from March 31, 2025. The directors are Mr. Neerav Bharat Merchant (DIN: 00222393) and Ms. Bina Sanjeev Shah (DIN: 00349612). Both cited personal reasons for their resignation and confirmed via email that there are no other material reasons. Neither director holds directorships in any other listed entity. The company has not yet announced any replacements, and the resignation letters from both directors are attached to the filing.
With both Independent Directors stepping down on the same date, NB Footwear's Board will need to fill these vacancies to maintain compliance with SEBI's requirement for an adequate number of independent directors. Shareholders should watch for announcements regarding new independent director appointments, as prolonged vacancies could raise corporate governance concerns.