Sahyadri Industries Limited has informed the Exchange regarding Resignation of Mr Shrikant Balkrishna Malegaonkar as Independent Director of the company w.e.f. April 06, 2026.
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Mr. Shrikant Balkrishna Malegaonkar has resigned as Independent Director of Sahyadri Industries Limited effective April 6, 2026. The resignation is due to personal reasons and health issues. With this resignation, he also ceases to be a member of the Audit Committee, Corporate Social Responsibility Committee, and chairperson of both the Nomination and Remuneration Committee and Stakeholder's Relationship Committee. He has confirmed that there are no other material reasons for his resignation beyond those stated. The departing director did not hold any directorships in other listed entities.
The resignation reduces the Board's independence and leaves key committee chairmanship positions vacant, which may raise governance concerns for investors. The company will need to appoint replacement independent directors to maintain compliance.