Board Meeting held on 19th September, 2025 to 1. consider, approve and take on note the resignation of Mr. Parimal Suryakant Patwa as the Independent Director of the Company. 2. consider ....
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Sera Investments & Finance India Ltd informed BSE that its Board, at a meeting on 19th September 2025, accepted the resignation of Mr. Parimal Suryakant Patwa (DIN: 00093852) as Independent Director, effective the same day. The Board also reconstituted its committees. Post-reconstitution, the Audit Committee will have Pankaj Sharma (Chairperson) and Saurabh Shah as Independent Director members, along with Executive Director Sagar Samir Shah. The NRC will be chaired by Saurabh Shah with Pankaj Sharma and Kaival Niteshkumar Shah as members. The Stakeholders Relationship Committee will have Pankaj Sharma as Chairperson. No reason for the resignation was disclosed beyond the standard 'Resignation' classification.
The departure of one independent director reduces the independent oversight on the board, though the reconstituted committees still meet the minimum SEBI requirement of two-thirds independent directors on the Audit Committee. For a small NBFC stock, this is largely a routine governance update with limited material impact on shareholders, unless further resignations follow.