PODDAR HOUSING AND DEVELOPMENT LIMITED has informed the Exchange about Resignation of Independent director.
Awaiting price reaction for this filing.
Poddar Housing and Development Limited has informed the stock exchanges that two Independent Directors — Mr. Suman Kumar Verma and Ms. Meenakshi Saini (Woman Independent Director) — have resigned from the board effective September 27, 2025. Both cited personal reasons and preoccupations, and confirmed there are no other material reasons for stepping down. The disclosure to the exchanges was made on January 12, 2026, roughly three and a half months after the resignations were tendered. The company has stated it will file the necessary forms with the Registrar of Companies and that the resignations carry no other implications.
The simultaneous exit of both Independent Directors on the same date may raise governance concerns for retail investors, as it temporarily reduces board independence. The delayed intimation to the exchanges (about 3.5 months after the event) could attract regulatory scrutiny. Shareholders should watch for timely appointment of new independent directors to maintain compliance with board composition rules.