Resignation of Mr. Saurabh and Ms. Reema magotra from the post of Independent Director of the Company
Awaiting price reaction for this filing.
In a single board meeting on November 22, 2025, Pressure Sensitive Systems (India) Limited recorded three key resignations. Ms. Deepa stepped down as Company Secretary and Compliance Officer (a Key Managerial Personnel role). Two Independent Directors — Mr. Saurabh (DIN: 10790325) and Ms. Reema Magotra (DIN: 09804839) — also resigned on the same day, both citing personal reasons and professional commitments. All three departures took effect from November 22, 2025. The resignations were filed with BSE under SEBI LODR Regulation 30 disclosures.
Three senior-level exits in a single day — including both Independent Directors — could raise governance and board-composition concerns for shareholders, as the company will need to fill these positions to meet SEBI's minimum Independent Director requirements. While the cited reasons are personal, the simultaneous departures may warrant monitoring for any underlying issues.