Resignation of Independent Director and re-constitution of Committee w.e.f August 05,2025
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Mrs. Yukti Gulati Chanana (DIN: 10729190) has resigned as an Independent Director of Shree Krishna Paper Mills & Industries Ltd, effective August 5, 2025. She cited pre-occupation and personal commitments as the reason and confirmed there are no other material reasons behind her departure. She was also a member of the Nomination & Remuneration Committee, which has now been reconstituted with Shri. Dev Kishan Chanda, a Non-Executive Non-Independent Director, replacing her. The remaining committee consists of Shri. Harish Kumar as Chairman and Shri. Ashish Sharma as Member. The company stated it will search for a new Independent Director at the earliest to ensure board composition complies with SEBI LODR requirements.
This is a routine single-director exit driven by personal reasons, with no governance red flags. Shareholders should note a temporary vacancy on the board until a new Independent Director is inducted, but the reconstitution of the committee ensures continuity of its functions.