Revised intimation of resignation of independent director.
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Awaiting price reaction for this filing.
Relic Technologies Limited has filed a revised intimation regarding the resignation of Mr. Mukesh Jugaldas Desai (DIN: 00075718) as Non-Executive Independent Director, effective July 30, 2025. The resignation was attributed to personal reasons, specifically 'other commitments as well as pre-occupation.' Mr. Desai confirmed there are no other material reasons for his exit and holds no shares in the company. This filing supplements the original announcement dated July 30, 2025, providing additional disclosures required under SEBI LODR regulations. The communication is signed by Whole Time Director Baijoo Madhusudan Raval.
The exit of a single independent director is a routine board change and is unlikely to materially affect the stock price, especially since no governance concerns were flagged. However, shareholders should monitor whether the company appoints a replacement within the prescribed timeline to comply with board composition norms.