Pursuant to Regulation 30 read with Para A(7B) of Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ('SEBI LODR Regulations'), we hereby ....
PRAVEG · price
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Mr. Keyoor Madhusudan Bakshi (DIN: 00133588) has stepped down as an Independent Director of Praveg Limited with effect from the close of business hours on February 28, 2026. His first five-year term was expiring, and he chose not to seek reappointment for a second term, citing his advancing age and other commitments. The company confirmed there are no material reasons for his resignation other than those mentioned in his letter. Mr. Bakshi also serves on the boards of Kanel Industries Limited (as Promoter) and Gokul Agro Resources Limited (as Independent Director).
This is a routine, non-controversial end-of-term departure of one independent director. Praveg will need to appoint a new independent director to maintain statutory board composition requirements, but there are no governance red flags or negative signals for shareholders.