Intimation Regarding Resignation of Independent Director Ms. Grishma A Shewale and Ms. Dhruvi Shyam Kapadia with effect from 4th Feb 2026.
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Shining Tools Ltd has informed BSE that two Independent Directors — Ms. Grishma A Shewale and Ms. Dhruvi Shyam Kapadia — have resigned from the Board with effect from 4th February 2026. Ms. Shewale cited her decision to relocate outside India for the foreseeable future, while Ms. Kapadia cited pre-occupancy and increased professional commitments. Both directors confirmed there are no other material reasons for their resignation. The company has stated that no other material concerns were flagged, and the Managing Director Vipulbhai Laljibhai Ghonia signed the intimation.
Loss of two independent directors on the same day may raise short-term governance concerns, as the company will need to fill these positions to maintain the required composition of the Board. Shareholders should watch for announcements regarding new independent director appointments to restore board strength.