Intimation of Resignation/Cessation of Mr. Sumant Ghaisas (DIN: 10199204) as Independent Director of the Company.
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Mr. Sumant Ghaisas (DIN: 10199204) has resigned as an Independent Director of Rose Merc Ltd, effective 23 July 2025. The resignation was due to other professional commitments that prevented him from devoting sufficient time to the role. He confirmed there are no other material reasons for his resignation. The intimation has been filed with BSE under SEBI LODR Regulation 30. He held no directorships in other listed entities.
This is a routine board-level change with no governance red flags or material reasons disclosed. The departure of one Independent Director may affect board composition but is unlikely to impact stock price or shareholder value materially. The company will need to fill the vacancy within the regulatory timeline to maintain the required number of Independent Directors.