Board has accepted the resignation of Mrs. Sheila Singh (DIN: 10731823) Independent Director due to health reasons w.e.f conclusion of Board Meeting held on 22.05.2025.
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Shervani Industrial Syndicate Ltd informed BSE that Mrs. Sheila Singh (DIN: 10731823) has resigned as Non-Executive Independent Director with effect from the close of the Board Meeting held on 22nd May 2025, citing personal health reasons. She will also step down as a member of the Audit Committee and the Nomination & Remuneration Committee. The Board has recorded its appreciation for her contributions during her tenure. Mrs. Singh has confirmed there are no other material reasons behind her resignation beyond health concerns.
This is a routine board-level change with no governance red flags, as the resignation is health-driven and the director confirmed no other material reasons. Shareholders should note a vacancy on the Audit and Nomination & Remuneration Committees, which the company will need to fill to stay compliant with composition norms, but this is unlikely to materially affect the stock price.