Oswal Greentech Limited has informed the Exchange regarding Resignation of Mr Akhil Bansal as Non- Executive Independent Director of the company w.e.f. August 19, 2025.
OSWALGREEN · price
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Oswal Greentech Limited has informed the exchanges that four Non-Executive Independent Directors — Mr. Pulkit Gupta, Mr. Namit Gupta, Mr. Akhil Bansal, and Mrs. Shipra Shroff — have all resigned with immediate effect on August 19, 2025. All four cited identical vague reasons of 'unavoidable circumstances' and confirmed there are no other material reasons for their departure. Each director's resignation letter and SEBI-mandated disclosures have been attached as separate annexures. The company has not provided any further explanation for these simultaneous exits. As a SEBI-listed entity, the company is now required to fill these independent director positions within the stipulated regulatory timeframe to maintain board composition norms.
This is an unusual and concerning event — four independent directors stepping down on the same day raises governance red flags for retail investors. The vague and identical 'unavoidable circumstances' explanation may create uncertainty around the stock. Investors should watch for further disclosures on the reasons and the company's plan to appoint new independent directors to maintain statutory compliance.