Resignation of Independent Directors of the Company
Awaiting price reaction for this filing.
GCCL Construction & Realities Ltd has informed the stock exchange that two of its Independent and Non-Executive Directors have resigned effective September 3, 2025. Mr. Himanshu Kamdar (DIN: 01239167) and Mr. Ashok Damani (DIN: 02229475) both stepped down from the board on the same date. The reason cited in both cases is the end of their term, not any governance issue or dispute. No replacements have been announced in this filing. The company has disclosed the details as required under SEBI Listing Regulations.
Since both resignations are due to the natural end of their terms rather than any controversy, this is a routine board change. However, shareholders should watch for timely appointment of new independent directors to ensure the board complies with SEBI's minimum independent director requirements.