ANNOUNCEMENT UNDER REGULATION 30 OF SEBI LODR REGULATIONS 2015 REGARDING RESIGNATION OF NON EXECUTIVE - INDEPENDENT DIRECTOR
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Regal Entertainment & Consultants Ltd informed the BSE that Mr. Mehul Velyibhai Jayant Patel (DIN: 01390995) has resigned as Non-Executive Independent Director of the company with effect from April 22, 2025. He cited personal reasons for his departure and confirmed there are no other material reasons behind the resignation. He also stepped down from membership in board committees where he served. The company has filed the required disclosures under SEBI Listing Regulations along with his resignation letter.
This is a single independent director exit for personal reasons with no governance red flags raised, so it is unlikely to materially affect the stock or shareholder value. Investors may want to monitor whether a replacement independent director is appointed soon to ensure the board meets composition requirements.