Resignation of Independent Director
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Mr. Sanjay Sahni has resigned from the position of Independent Director of Sueryaa Knitwear Limited with effect from May 25, 2026, citing other professional commitments as the reason. He also ceased to be the Chairperson of the Audit Committee and Member of the Nomination and Remuneration Committee. The Board has reconstituted these committees by appointing Mr. Vishnu Agarwal as the new Audit Committee Chairperson and Mr. Sahil Mahawar as a member of the Nomination and Remuneration Committee. Mr. Sahni has confirmed there are no material reasons for his resignation other than those stated. He continues to hold directorship positions in Garg Acrylics Limited and DCM Financial Services Limited.
The resignation of an Independent Director may raise governance concerns for investors, as the company loses an arm's-length oversight voice on the board. The quick reconstitution of committees suggests the company is managing the transition, but investors should monitor for any impact on board independence or audit committee effectiveness.