Resignation of Directors Mr. Somnath Vaijnath Kumbhar and Mrs. Sheetal Ganatra
Awaiting price reaction for this filing.
Amit International Ltd has announced the resignation of two Additional Independent Directors - Mrs. Sheetal Ganatra and Mr. Somnath Vaijnath Kumbhar - both effective 25th May, 2026. Both directors cited pre-occupation with other activities as the reason for their resignation. They confirmed they do not hold directorship in any other listed company and stated there are no other material reasons behind their exit. The company expressed appreciation for their contributions during their tenure. The resignations have been properly disclosed as per SEBI LODR Regulation 30 requirements.
The simultaneous resignation of two independent directors reduces board independence and may raise governance concerns for investors, especially given the vague reason cited for departure.