RESIGNATION OF DIRECTOR
Awaiting price reaction for this filing.
Sharanam Infraproject and Trading Ltd has informed BSE that two Non-Executive Independent Directors — Mr. Dineshbhai Soni (DIN: 11167902) and Mr. Vishal Nanjibhai Vadhel (DIN: 11167915) — have resigned from the board with effect from 9th February 2026. Both had been appointed recently, with Mr. Soni joining on 25th June 2025 and Mr. Vadhel on 9th February 2025, meaning both had tenures of less than a year. Both cited 'pre-occupation elsewhere' / personal circumstances as the reason for stepping down and confirmed there are no other material reasons for their exit. The company has not yet announced any replacements.
Losing two independent directors at once is a notable governance change and the company will need to appoint new independent directors soon to stay compliant with SEBI's minimum board composition rules. For shareholders, the stated reasons are routine and no governance red flags have been flagged, but the quick turnaround of these appointments could raise minor questions about board stability.