Resignation of Mr. Mukesh Desai as Independent Director of the Company
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Relic Technologies Ltd informed the stock exchanges about changes to its Board of Directors following a board meeting held on July 30, 2025. Mr. Mukesh Jugaldas Desai (DIN: 00075718) resigned as a Non-Executive Independent Director effective July 30, 2025, citing other commitments and pre-occupation as the reason, and confirmed there are no material reasons behind his exit. In his place, Ms. Neha Anant Thakore (DIN: 00893957) has been appointed as an Additional Non-Executive Independent Director for a 5-year term (July 30, 2025 to July 29, 2030), subject to shareholder approval. The new appointee has over 25 years of experience in the pharmaceutical and API industry and currently serves as Managing Partner of Rifa Pharma and COO of Avik Pharmaceutical Ltd. She holds 1,00,000 equity shares (face value Rs. 10 each) in the company.
This is a routine board reshuffle with no governance red flags — the outgoing director cited personal commitments and there is no indication of any dispute. The incoming independent director brings significant pharmaceutical industry expertise, which may signal a strategic direction for the company, though the appointment still needs shareholder approval at the next general meeting.