SHREEOSWAL SEEDS AND CHEMICALS LIMITED has informed the Exchange about Resignation of Independent director.
OSWALSEEDS · price
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ShreeOswal Seeds and Chemicals Limited has informed the stock exchange that two of its Non-Executive Independent Directors — Mr. Sanjay Chordiya (DIN: 09462040) and Mr. Umesh Kumar Sharma (DIN: 09461979) — have resigned from the board, effective from the close of business hours on 12th August 2025. Both directors cited the same reason: inability to devote sufficient time to the company's affairs and a desire to reduce their commitments. Both have confirmed in writing that there are no other material reasons for their resignation. The company has stated that neither director holds directorships in any other listed entity.
The simultaneous exit of two independent directors weakens board oversight and may raise short-term governance concerns. The company will need to appoint new independent directors quickly to comply with SEBI's minimum board composition rules, and shareholders should watch for the timely filling of these vacancies.