Please find attached the resignation letters received from the Independent Directors of the Company dated 28th November, 2025.
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Shentracon Chemicals Ltd has informed the stock exchange about the resignation of two Independent Directors, Mr. Milan Sardar (DIN: 08470284) and Mr. Chandi Das Chakraborty (DIN: 07688518), effective 28th November 2025. Both directors stepped down citing 'change in management' as the reason and have also ceased to be members/chairpersons of various board committees. The company signed the intimation through its Managing Director, Amit Lalit Jain. No further details about the management change or the reasons behind it have been disclosed in this filing.
Simultaneous resignation of both Independent Directors citing a 'change in management' is a significant governance red flag for retail investors, potentially indicating internal turmoil or a shift in control. This may raise concerns about board independence and could negatively affect investor confidence in the stock.