REORGANIZATION, RECONSTRUCTION, RESHUFFELING OF SUB COMMITTEES OF THE BOARD NAMELY AUDIT COMMITTEE, NOMINATION AND REMUNERATION COMMITTEE, STAKEHOLDER RELATIONSHIP COMMITTEE W.E.F. 06/10/2025 ....
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Two Non-Executive Independent Directors of RR Securities Ltd, Mr. Manish Girishbhai Patel and Mr. Ajitsinh Kacharaji Chavda, have resigned from the board effective 6 October 2025. The reason cited is the expiry of their two consecutive 5-year terms as independent directors, which ended on 30 September 2025 — a routine regulatory event under the Companies Act and SEBI LODR rules. Following their exit, the board has reconstituted its three key sub-committees — Audit, Nomination & Remuneration, and Stakeholder Relationship — with Jay Dipakbhai Patel as the new Chairperson across all three, along with Pravinbhai Jashbhai Patel and Rajendra Babulal Shah as members. The company is a small listed entity on BSE (scrip code 530917). No new appointments to replace the outgoing directors have been mentioned in this filing.
This is a routine, regulatory-driven transition with no governance red flags. The resignations were due to the statutory 10-year cap on independent director tenure, not any dispute or performance issue. Shareholders should watch for timely appointment of new independent directors to maintain board composition and committee strength requirements.