Sagardeep Alloys Limited has informed the Exchange regarding Cessation of Mrs as Other of the company w.e.f. May 02, 2025.
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Sagardeep Alloys informed the exchange that Mrs. Shital Jaydeep Barot (DIN: 10105593) ceased to be an Additional Director (Non-executive, Non-Independent) effective from the close of business on April 02, 2025. The cessation is under Regulation 17(1)(c) of SEBI LODR Regulations, 2015, which relates to minimum board composition requirements, including the mandatory woman director norm. The Board noted this cessation at its meeting on May 02, 2025, which ran for about 35 minutes. The company has not disclosed any other appointment or change at the board level in this filing.
This is a routine governance-driven change to bring the board into compliance with SEBI's minimum composition rules; shareholders are unlikely to see a material impact on stock price or business operations, though the company will need to fill this board vacancy going forward.