Intimation of Resignation of Independent Director(s) under Regulation 30 of Securities and Exchange Board of India (LODR) Regulations, 2015
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SGL Resources Ltd has informed BSE that two Non-Executive Independent Directors, Ms. Niyati Vora (DIN: 10997730) and Mr. Ritesh Shivkumar Mishra (DIN: 10674791), have resigned from the board with effect from 24 June 2025. Both were appointed as Additional Non-Executive Independent Directors only on 18 June 2025, meaning their tenure lasted just six days. Both cited pre-occupation and personal commitments and confirmed there were no other material reasons. Ms. Vora was stepping down from the Audit Committee, while Mr. Mishra was exiting the Nomination and Remuneration Committee and the Chairmanship of the Stakeholders Relationship Committee. The company acknowledged their brief contributions.
Losing two independent directors within a week of their appointment is unusual and may raise governance questions for shareholders. The board will need to quickly find replacements to meet the minimum independent director requirements under listing rules.