SCHAEFFLER INDIA LIMITED has informed the Exchange about Resignation of Independent director.
SCHAEFFLER · price
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Schaeffler India has informed the exchanges that Mr. Amit Kalyani (DIN: 00089430), an Independent Director, has resigned from the board effective 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 behind his exit. Mr. Kalyani chaired the Nomination and Remuneration Committee and was a member of the Audit Committee and CSR Committee at Schaeffler India. He continues to serve on the boards of several other listed companies, including Bharat Forge (Executive Director), Kalyani Steels, BF Utilities, and Hikal Limited. The company has filed the disclosure under SEBI Listing Regulations along with a copy of his resignation letter.
This is a routine independent director resignation with no governance red flags cited. Shareholders should note the loss of a key committee chair (Nomination & Remuneration), and the company will need to fill this vacancy within the SEBI-prescribed timeline. No immediate material impact on operations or stock price is expected.