Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (''Listing Regulations''), we hereby inform you that Mr. Subhag Rai Mehta (DIN: ....
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Mr. Subhag Rai Mehta has tendered his resignation as Independent Director of Safecure Services Ltd with effect from close of business hours on May 30, 2026. He cited personal reasons and other professional commitments as the cause. Consequent to his resignation, he will also cease to be a member of the Audit Committee, Nomination and Remuneration Committee, and Stakeholders' Relationship Committee. Mr. Mehta has confirmed there are no other material reasons for his departure. The Board expressed appreciation for his guidance during his tenure.
Loss of an Independent Director reduces board independence and removes a member from three key committees, which may raise governance concerns for investors. However, the confirmed absence of material reasons suggests no underlying corporate issues.