Resignation of Ms. Nikita Karia form the position of Independent Director of the Company.
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Padam Cotton Yarns Ltd informed BSE that Ms. Nikita Karia (DIN: 10835706) has resigned as Non-Executive Independent Director of the company, effective from the close of business hours on April 11, 2025. She cited other professional engagements as the reason for stepping down. The resignation was noted in the board meeting held on April 11, 2025. Ms. Karia has confirmed there are no other material reasons for her departure. She does not hold any directorship or committee membership in other listed entities.
This is a routine single independent director exit due to personal professional commitments. No governance red flags were raised, and the company has not indicated any operational or strategic disruption. The board will need to fill this independent director vacancy to comply with SEBI's composition requirements.