Resignation of Mr. Subhash Chandra Varshney (DIN: 08657452) as the Non-Executive Independent Director of the Company with effect from May 07, 2026, owing to his preoccupation with other ....
Awaiting price reaction for this filing.
Mr. Subhash Chandra Varshney has resigned as Non-Executive Independent Director of Melstar Information Technologies Ltd effective May 7, 2026. The reason cited is his pre-occupation with other professional commitments. He also stepped down from his positions on the Stakeholders Relationship Committee, Audit Committee, and Nomination and Remuneration Committee. The company has confirmed that there are no other material reasons for the resignation beyond those stated. The Managing Director Vineet Goverdhan Shah signed the disclosure on behalf of the company.
The resignation reduces the board's independent oversight as Mr. Varshney was serving on multiple key committees. Shareholders should monitor whether the company appoints a replacement independent director to maintain proper board composition and committee functioning.