SAHYADRI INDUSTRIES LIMITED has informed the Exchange about Resignation of Independent director.
SAHYADRI · price
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Sahyadri Industries Limited has received resignation from Shrikant Malegaonkar as Independent Director effective 6 April 2026. The director cited personal reasons and health issues for stepping down. He has also resigned from all Board committee memberships and chairmanships held in the company. The resignation letter confirms there are no other material reasons behind the departure other than those stated. No successor or replacement has been announced in this filing.
The sudden resignation of an Independent Director could raise governance concerns for investors. The departure leaves a gap in the Board's composition and committees, requiring the company to appoint a replacement to maintain regulatory compliance and board independence standards.