Pursuant to Regulations 30 of the SEBI (LODR) Regulations, 2015, please find enclosed herewith disclosure pertaining to resignation of Mr. Subhash Chander Kalia (DIN: 00075644), Non-Executive Independent Director of the Company.
SHAREINDIA · price
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Share India Securities Limited has disclosed the resignation of Mr. Subhash Chander Kalia (DIN: 00075644) from the position of Non-Executive Independent Director. The disclosure has been filed with NSE under Regulation 30 of the SEBI (LODR) Regulations, 2015. No further details such as the reason for resignation or effective date have been provided in the announcement. This creates a vacancy on the board that the company will need to fill as per SEBI norms.
A single independent director resignation is generally a routine board-level change and is unlikely to materially affect the stock price. However, shareholders should watch for any subsequent disclosures regarding the reason for resignation or the appointment of a replacement within the SEBI-prescribed timeline.