In accordance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended from time to time, we hereby inform you that Mr. Jay Narayan ....
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Subhash Silk Mills Ltd has informed the stock exchanges that Mr. Jay Narayan Nayak (DIN: 05174213), an Independent Director on the company's board, has resigned with effect from the close of business hours on May 2, 2025. In his resignation letter, Mr. Nayak cited personal reasons and other professional commitments as the cause, and confirmed there are no other material reasons behind his exit. Mr. Nayak continues to serve as an Independent Director on three other listed companies — Brisk Technovision Limited, SK International Export Limited, and Galaxy Agrico Exports Limited — where he also holds positions on Nomination & Remuneration and Audit committees. The company has signed the intimation through its Managing Director & Chief Compliance Officer, Dhiraj Subhash Mehra.
This is a routine board-level change with no disclosed governance concerns or material reasons flagged. For shareholders, the departure of one independent director is unlikely to have a meaningful impact on the stock price, though investors may want to monitor whether a replacement independent director is appointed in a timely manner to maintain board composition requirements.