Resignation of Mr. Shambhu Nath Jajodia (Independent Director) and Mr. Bijay Kumar Bagri (Independent Director) from the post of Director with immediate effect.
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Two Independent Directors of Octal Credit Capital Ltd - Mr. Shambhu Nath Jajodia and Mr. Bijay Kumar Bagri - have resigned from the Board with immediate effect. Mr. Jajodia cited pursuing other interests that may not allow him to do justice to his role, while Mr. Bagri cited pre-occupation elsewhere. Both directors confirmed there are no material reasons for their resignation other than those stated. The resignations are effective May 21, 2026. Both directors have also resigned from various committees of the Company.
The simultaneous departure of two Independent Directors raises governance concerns as it may impact board independence and committee composition. Investors should monitor for replacement appointments to maintain proper board oversight.