Sagardeep Alloys Limited has informed the Exchange regarding Cessation of Mrs Shital Baro as Other of the company w.e.f. April 02, 2025.
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Sagardeep Alloys Limited informed the stock exchange that Mrs. Shital Jaydeep Barot ceased to be an Additional Director in the non-executive, non-independent category, effective from the closing hours of April 02, 2025. The cessation was carried out under Regulation 17(1)(c) of the SEBI Listing Regulations, which deals with board composition requirements. The board noted this cessation at its meeting held on May 02, 2025. No specific reason such as resignation or removal was disclosed beyond the regulatory reference, and no replacement appointment was announced in this filing.
This is a routine governance disclosure involving a non-executive, non-independent director's exit. Shareholders should monitor whether the company fills the vacancy within the SEBI-mandated timeline to maintain board composition compliance. Material impact on the stock is unlikely unless it signals broader board instability.