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' 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 5-year term (May 27, 2025 to May 26, 2030), subject to shareholder approval at the 30th AGM. Ms. Parul Singh is a Commerce graduate and qualified Company Secretary with experience in finance, secretarial law, SEBI law, and corporate governance, and also serves as an Independent Director on Capital Trade Links Limited and SBC Exports Limited. In the same meeting, the board accepted the resignation of Mr. Sumeet Singh Bagga (DIN: 09433902) as Independent Director effective May 27, 2025, citing personal exigencies, with confirmation that there are no other material reasons for his exit. The Audit Committee, Nomination & Remuneration Committee, and Stakeholders Relationship Committee have all been reconstituted with Ms. Parul Singh replacing Mr. Sumeet Singh Bagga as a member in each.
This is a routine one-for-one board refresh with no governance red flags — an independent director stepped down for personal reasons and a qualified replacement with relevant finance and corporate governance experience has been inducted. The change should have no material impact on shareholders or stock price, and the new appointment remains subject to shareholder ratification at the upcoming AGM.