Resignation of Mr. Sumeet Singh Bagga from the post of Independent Director of the Company
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Raideep Industries Limited announced the resignation of Mr. Sumeet Singh Bagga (DIN: 09433902) as an Independent Director effective May 27, 2025, citing personal exigencies. He confirmed there are no other material reasons for his departure. Simultaneously, the Board 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. Ms. Singh holds a Commerce degree from Lucknow University and is a qualified Company Secretary with experience in finance, secretarial law, SEBI law, and corporate governance. Board committees (Audit, Nomination & Remuneration, Stakeholders Relationship) were reconstituted, with Ms. Parul Singh replacing Mr. Bagga in each.
This is a routine board-level change with like-for-like replacement, so it is unlikely to affect the stock price or shareholder interests. The continuity of committee composition is maintained, preserving governance oversight.