The Board of Director in their meeting held today has taken note for resignation of Mr. Vijay Nayak from post of independent director in the company with effect from 01 September,2025.
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SBL Infratech's Board, at its meeting on September 1, 2025, accepted the resignation of Mr. Vijay Nayak as Independent Director, effective the same day, citing personal reasons. Mr. Nayak confirmed there are no material reasons behind his exit and held no other directorships. In his place, Ms. Sukhmayaben Vijaykumar Panchal was appointed as Additional Independent Director, bringing experience in consulting services. The Board also decided to seek an extension from the Registrar of Companies for holding the Annual General Meeting for FY 2024-25.
This is a routine board-level reshuffle with an independent director exit and replacement on the same day, so it should not materially affect the stock price. The simultaneous appointment ensures the company maintains compliance with board composition requirements, though the AGM extension request signals some delay in financial reporting.