Resignation of Independent Director w.e.f August 05,2025 and re-constitution of Committee.
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Mrs. Yukti Gulati Chanana (DIN: 10729190) has resigned as Independent Director of the company with effect from August 5, 2025, citing pre-occupation and personal commitments. She confirmed there are no other material reasons for her exit. The Board has placed on record its appreciation for her contributions during her tenure. Following her resignation, the Nomination & Remuneration Committee has been reconstituted by inducting Shri. Dev Kishan Chanda (Non-Executive, Non-Independent Director) as a new member. The reconstituted NRC now has three members: Shri. Harish Kumar (Chairman, Independent), Shri. Ashish Sharma (Member, Independent), and Shri. Dev Kishan Chanda (Member). The company has stated it will search for a new Independent Director at the earliest to ensure SEBI LODR compliance.
This is a routine governance update involving a single independent director stepping down for personal reasons. The committee has already been reconstituted, so no immediate disruption to board functioning is expected, though shareholders should watch for timely appointment of a replacement independent director to maintain regulatory compliance.