BSEUniva Foods LtdHighNegative
Announced Fri, 31 Oct · 17:21 IST

Please find attached the intimation with regards to resignation of Independent Directors of the Company.

Multiple Ind Directors ResignedManagement Changes View source PDF
Price reaction · full curve

Awaiting price reaction for this filing.

AI summary

Univa Foods Limited informed the stock exchanges that two Independent Directors have resigned from the board with effect from October 31, 2025. Mr. Prasoon Mishra (DIN: 06497540) and Ms. Gayathri Srinivasan Iyer (DIN: 09054785) both stepped down citing personal reasons, and have confirmed there are no other material reasons behind their exit. As a result, both have also ceased to be members/chairs of the board committees they served on. Ms. Iyer continues to hold directorships in five other listed companies including EFC (I) Limited, TCC Concept Limited, Capfin India Limited, Whitehills Interior Limited, and Synthiko Foils Limited.

Likely market impact

Two independent directors leaving on the same day leaves the board short on independent oversight and the company will need to appoint replacements soon to meet SEBI's minimum independent director requirement. Simultaneous resignations, even if for personal reasons, may raise questions among investors about board stability.