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Mrs. Manju Bagga (DIN: 11095929) has resigned from the board of Simplex Realty Limited as a Non-Executive Non-Independent Director, effective December 22, 2025. She was nominated to the board by LIC (Life Insurance Corporation of India). Her resignation is on account of her recent appointment as Insurance Ombudsman by the Council for Insurance Ombudsman. The company confirmed there are no other material reasons for her departure. The resignation has been disclosed to BSE under Regulation 30 of SEBI's Listing Regulations.
This is a routine board change with no negative governance implications — the outgoing director is stepping down because she has taken up a new regulatory role. Shareholders should not read this as a signal of trouble; investors may want to track who LIC nominates as her replacement, as the LIC nominee represents a major institutional shareholder's interests on the board.