Oswal Greentech Limited has informed the Exchange regarding Resignation of Mr Pulkit Gupta as Non- Executive Independent Director of the company w.e.f. August 19, 2025.
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Oswal Greentech Limited has informed the stock exchanges that four Non-Executive Independent Directors — Mr. Pulkit Gupta, Mr. Namit Gupta, Mr. Akhil Bansal, and Mrs. Shipra Shroff — have resigned from the board with immediate effect on August 19, 2025. All four cited 'unavoidable circumstances' as the reason, with each confirming there are no other material reasons for their exit. The resignations were disclosed in a single filing under SEBI Listing Regulations. The directors held directorships in a few other private/public entities outside Oswal Greentech.
Four independent directors stepping down on the same day is a significant red flag for corporate governance. The company may now fall short of SEBI's minimum requirement of one-third independent directors on the board, potentially triggering compliance issues. Shareholders should watch for clarity on what 'unavoidable circumstances' actually means and whether replacements will be appointed promptly, as the stock could face selling pressure on governance concerns.