Intimation of the resignation of Parimal Patwa as the Independent Director of the company in the Board Meeting held on 19th September, 2025
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Mr. Parimal Suryakant Patwa (DIN: 00093852) has resigned as Independent Director of Sera Investments & Finance India Ltd, effective September 19, 2025. He cited personal reasons, specifically being pre-occupied with other work and assignments, and confirmed there are no other material reasons behind his exit. Along with the directorship, he also stepped down as Chairperson of the Nomination and Remuneration Committee and as a member of the Audit Committee and Stakeholders Relationship Committee. The Board accepted the resignation in its meeting held the same day (5:15 PM to 6:00 PM) and reconstituted the committees, with independent directors Pankaj Sharma and Saurabh Shah taking on key roles.
This is a routine board-level change with personal reasons cited, so it is unlikely to materially affect the stock price. The company has already reconstituted its committees with other independent directors, maintaining board independence requirements.