Northern Arc Capital Limited has informed the Exchange regarding Change in Director(s) of the company.
NORTHARC · price
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Awaiting price reaction for this filing.
Mr. Trikkur Seetharaman Anantharaman (DIN: 00480136) has resigned from the Board of Northern Arc Capital Limited as a Non-executive Nominee Director, effective June 23, 2025. He was a nominee of 360 ONE Special Opportunities Fund, which has sold its equity stake in the company. Following the stake sale, 360 ONE no longer meets the eligibility threshold under the company's Articles of Association to nominate a director, which led to the resignation. The director confirmed there are no other material reasons for his departure beyond the stake sale.
This is a routine board change triggered by a fund (360 ONE) exiting its investment position. It is not a governance red flag and should have minimal impact on the stock, though it signals that a significant investor has sold down its holdings in the company.