Intimation of Resignation of Independent Director in terms of Regulation 30 of SEBI ( Listing Obligation and Disclousure Requirements) Regulation, 2015
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Mr. Jaimish Govindbhai Patel (DIN: 09647742) has resigned as an Independent Director of Siyaram Recycling Industries Ltd, effective from the close of business hours on 1st April 2025. He cited personal reasons and commitments for his departure and confirmed there are no other material reasons behind the resignation. The Board of Directors placed on record its appreciation for his contribution during his tenure. Mr. Patel also holds Independent Director positions on three other listed companies — Kaka Industries Ltd, Baheti Recycling Industries Ltd, and Sunlite Recycling Industries Ltd — and serves on multiple board committees at those firms.
This is a routine independent director exit driven by personal reasons, with no governance concerns or red flags flagged. Investors should note that the company will need to fill the vacancy to maintain the required composition of the board, but the resignation itself is unlikely to have a material impact on the stock or operations.