With reference to the captioned subject, this is to inform you that Mrs. Chanchal Nuwal has tendered her resignation from the post of Independent Director of the Company vide her resignation ....
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Mrs. Chanchal Nuwal (DIN: 08777592) has resigned from her position as Independent Director of Shiva Granito Export Ltd, effective from the close of working hours on 12th November 2025. She cited preoccupation and personal & unavoidable circumstances as the reason for stepping down, and confirmed there are no other material reasons behind her exit. As a result, she will also step down as member/chairperson of any board committees she served on. The resignation letter was formally accepted by the company through Managing Director Abhinav Upadhyay.
This is a single Independent Director exit with routine personal reasons cited, suggesting no governance crisis. Investors should watch for timely appointment of a replacement Independent Director to maintain the required board composition under SEBI norms; the announcement itself is unlikely to materially move the stock price.