Outcome and Intimation under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
Awaiting price reaction for this filing.
Quasar India Ltd's Board meeting on May 4, 2026 approved the appointment of Ms. Reema Magotra as an Additional Non-Executive and Independent Director, effective the same day. Simultaneously, Mrs. Namrata Sharma tendered her resignation as Non-Executive and Independent Director, citing personal reasons, with confirmation that no material concerns exist. To maintain board compliance, all three key committees—Audit, Nomination & Remuneration, and Stakeholders Relationship—have been reconstituted. Ms. Magotra has been appointed Chairperson of the Audit Committee and member of the other two committees, with Mr. Lovish Kataria assuming chairmanship of the NRC and SRC.
The resignation of Mrs. Namrata Sharma, who holds directorships in 6 other listed companies, may raise minor governance concerns; however, the immediate appointment of Ms. Reema Magotra and committee reconstitution demonstrates board stability. Minimal direct impact on stock price expected as the changes are routine.