Intimation of Resignation of Mr. Manish Tarachand Pande, Independent Director of the Company with effect from closure of business hours on 9th April, 2025
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Mr. Manish Tarachand Pande (DIN: 08712019) has resigned from his position as an Independent Director of Shivam Chemicals Limited, effective from the close of business hours on 9th April 2025. He cited personal and unavoidable circumstances as the reason for stepping down. Consequently, he will also cease to be a member of the Audit Committee, Nomination and Remuneration Committee, and Corporate Social Responsibility Committee. The Board has acknowledged his contributions during his tenure. He confirmed there are no other material reasons for his resignation beyond those in his letter.
This is a routine single Independent Director exit due to personal reasons and is unlikely to have a material impact on the company's operations or stock price. Shareholders should watch for the appointment of a replacement Independent Director to maintain board composition compliance.