Resignation of Independent Director
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Awaiting price reaction for this filing.
Starcom Information Technology Limited informed BSE that Mr. Krishnendu Prasad Ray (DIN: 10747513), an Independent Director, has resigned from the board effective 22nd August 2025 due to personal reasons. The company received his resignation letter on 26th August 2025. Mr. Ray has confirmed he does not hold any directorships or board committee memberships in any other listed company. He also confirmed there are no other material reasons behind his resignation beyond personal ones.
This is a routine Independent Director exit with no governance red flags or controversial reasons cited. The company will need to appoint a replacement Independent Director to maintain the statutorily required board composition. For shareholders, this is unlikely to have any material impact on operations or stock price unless it is followed by more resignations.