Mr. M Karunakar has resigned as the Independent Director of the Company and all the Committees of the Board w.e.f. 07.05.2025 due to his personal commitments. Please refer to the attached ....
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Mr. Karunakar Mandava (DIN: 07256176), an Independent Director of Swarna Securities Ltd, has resigned from the Board effective May 7, 2025, citing personal commitments, professional works, and ageing. He also stepped down as a member of three board committees — Audit Committee, Nomination & Remuneration Committee, and Stakeholders Relationship Committee. The director confirmed there are no other material reasons for his exit and holds no directorships in any other listed entity. The company has filed the necessary disclosure under SEBI Listing Regulations.
Swarna Securities will need to appoint a new Independent Director soon to maintain the required board composition under Companies Act and SEBI rules. As a routine, personal-reason resignation with no governance red flags, this is unlikely to have any meaningful impact on the stock price.