Resignation of Mr Chirag Nanavati (DIN 08196966) as Independent Director of the company
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Saptak Chem And Business Ltd announced that Mr. Chirag Nanavati (DIN 08196966) has resigned as an Independent Director of the company, effective March 13, 2026. The board accepted his resignation at a meeting held the same day, which ran from 4:30 p.m. to 5:00 p.m. Mr. Nanavati cited pre-occupation in other activities as the reason for stepping down and confirmed there are no other material reasons behind his decision. He held no shares in the company during his tenure. The letter was signed by Jubin Gada, Director (DIN: 10820579).
This is a routine single independent director exit due to personal time constraints, with no governance concerns flagged. The resignation slightly reduces the board's independent oversight capacity, and the company will need to fill the vacancy to maintain compliance with minimum independent director requirements.