Appointment of Ms. Parul Singh as Additional (Non-Executive) Independent Director of the Company and Resignation of Mr. Sumeet Singh Bagga from the post of Independent Director of the Company
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Raideep Industries Ltd's board, at its meeting on May 27, 2025, approved the appointment of Ms. Parul Singh (DIN: 09811725) as an Additional (Non-Executive) Independent Director for a five-year term from May 27, 2025 to May 26, 2030, subject to shareholder approval at the 30th AGM. The board also accepted the resignation of Mr. Sumeet Singh Bagga (DIN: 09433902) as Independent Director, effective the same day, citing personal exigencies. Mr. Bagga confirmed there are no other material reasons for his exit, and he does not hold directorships at any other listed entity. Ms. Parul Singh holds a B.Com from Lucknow University, is a qualified Company Secretary from ICSI, and also serves on the boards of Capital Trade Links Limited and SBC Exports Limited. Committees (Audit, Nomination & Remuneration, Stakeholders Relationship) were reconstituted to replace Mr. Bagga with Ms. Parul Singh.
This is a routine board reshuffle with one independent director replacing another, so it is unlikely to materially affect the stock price or shareholder interests. The company still maintains a compliant board structure with independent oversight continuing through the new appointee.