Schaeffler India Limited has informed the Exchange regarding Resignation of Mr Amit Kalyani as Independent Director of the company w.e.f. July 23, 2025.
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Schaeffler India Limited has informed the stock exchanges that Mr. Amit Kalyani (DIN: 00089430) has resigned as an Independent Director of the company, effective from the close of business hours on July 23, 2025. He cited other professional commitments as the reason for stepping down and confirmed there is no other material reason for his resignation. Mr. Kalyani served as the Chairperson of the Nomination and Remuneration Committee and was a member of the Audit Committee and CSR Committee at Schaeffler India. He continues to hold directorships in several other listed entities, including as Executive Director at Bharat Forge Limited. The company will need to fill the vacancy on its board in due course.
This is a routine board-level change with no governance red flags, as the outgoing director has confirmed no material concerns. The resignation may require Schaeffler India to appoint a new Independent Director, but it is unlikely to have a material impact on the stock price or business operations.