Announcement under Regulation 30 (LODR) for approval of Resignation of Independent Director
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Photoquip India Ltd has informed the stock exchange that its Board, at a meeting held on 8th October 2025, approved the resignation of Mr. Atul Maheshwari as Non-Executive Independent Director with effect from 7th October 2025. Mr. Maheshwari cited pre-occupation and difficulty in fulfilling board responsibilities as the reason for stepping down. He also confirmed there are no other material reasons behind his exit. He currently serves as Managing Director of Lactose India Limited and Designated Partner at Solutix Technologies LLP. The board meeting lasted just 15 minutes (4:00 PM to 4:15 PM).
This is a single independent director exit citing personal time constraints rather than any governance or performance concerns, so the immediate impact on shareholders is minimal. However, investors should watch for timely appointment of a replacement independent director to ensure board composition complies with SEBI listing requirements.