Revised Intimation regarding the resignation of Independent Director Ms. Dhruvi Shyam Kapadia and Ms. Grishma A Shewale with effect from 4th Feb 2026
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Shining Tools Ltd has informed the BSE that two of its 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 personal decision to relocate outside India for the foreseeable future, while Ms. Kapadia cited pre-occupancy and increased professional commitments. Both directors have confirmed that there are no other material reasons for their resignation. The company has filed the detailed disclosures required under SEBI's Listing Regulations, and the full resignation letters are enclosed. Both directors also serve on boards of other listed companies, including Curis Lifesciences Ltd.
Losing two independent directors on the same day may temporarily weaken board composition and could require the company to appoint replacements to meet SEBI's minimum independent director requirements. The cited reasons are personal, and the directors have confirmed no material issues, so the immediate impact on the stock is likely limited, though investors may watch for timely appointments.