Sagardeep Alloys Limited has informed the Exchange regarding Cessation of Mrs SHITAL JAYDEEP BAROT as Other(Additional Director under Non executive non Independent Category) of the company w.e.f. April 02, 2025.
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Sagardeep Alloys has informed the NSE that Mrs. Shital Jaydeep Barot ceased to hold office as Additional Director, Non-executive Non-Independent Director, effective from the close of business on April 02, 2025. The reason is that her appointment was not regularised by shareholders within the three-month window required under Regulation 17(1)(c) of SEBI's LODR Rules, so her directorship automatically ended. The Board formally noted this cessation in its meeting on May 02, 2025, and the company is now filing a clarification to the exchange. The signed cessation letter from Mrs. Barot and the Regulation 30 disclosure details are enclosed as annexures. The filing was signed by Managing Director Satishkumar Asamal Mehta.
This is a routine procedural cessation, not a governance crisis — the director's term simply lapsed because shareholders did not confirm her within the regulatory deadline. Since she was a non-executive, non-independent director, day-to-day operations and the controlling board structure remain unaffected. Shareholders are unlikely to see any meaningful impact on the stock price from this disclosure.