Simbhaoli Sugars Limited has informed the Exchange regarding Resignation of Mr. Har Prasad Kain as Independent Director of the company w.e.f. Jun 09, 2025.
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Mr. Har Prasad Kain (DIN: 08277248) has resigned as an Independent Director of Simbhaoli Sugars Limited with effect from June 8, 2025, citing personal reasons. The resignation was taken on record at an Interim Resolution Professional (IRP)-convened meeting held on June 9, 2025. The company has confirmed there are no other material reasons behind the resignation. Notably, the company is currently under the IRP process, indicating it is undergoing a corporate insolvency resolution proceeding. The outgoing director had previously skipped earlier convened meetings and cited an inability to continue.
This is a single independent director exit for personal reasons with no disclosed governance red flags. However, the broader context of the company being under IRP (insolvency resolution) remains the key concern for shareholders, rather than this individual resignation.