BSESimplex Realty LtdMediumNegative
Announced Mon, 22 Dec · 16:46 IST

As per letter attached

Management Changes View source PDF

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reaction · full curve

Awaiting price reaction for this filing.

AI summary

Mrs. Manju Bagga (DIN: 11095929) has resigned from the board of Simplex Realty Ltd as a Non-Executive Non-Independent Director, effective 22nd December 2025. She was a nominee director representing LIC (Life Insurance Corporation of India) on the company's board. Her resignation is on account of her appointment as Insurance Ombudsman by the Council for Insurance Ombudsman. The company confirmed there are no other material reasons for her resignation. She is a retired Executive Director from LIC of India.

Likely market impact

This is a routine nominee director change and is unlikely to affect the stock price or shareholder interests. LIC, as the nominating institution, is expected to put forward a replacement director in due course.