Resignation of Chandrakant Thakker as Independent Director. the details are attached herewith.
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Chandrakant Haridas Thakker (DIN: 01758355) has resigned as Non-Executive Independent Director of Thakkers Developers Ltd, effective from the close of business hours on September 30, 2025. The resignation is part of a broader initiative where all Independent Directors collectively recommended to the Board a reconstitution of the panel of Independent Directors. The stated aim is to bring in diversity, fresh perspectives, and strengthen corporate governance practices, even though his tenure had not yet expired. The company has confirmed there are no other material reasons for the resignation beyond this planned board refresh.
This is a routine governance-driven change rather than a red flag — the board is proactively refreshing its independent director panel. However, shareholders should watch for further announcements on the appointment of new Independent Directors to ensure continuity and compliance with minimum board composition requirements. No immediate impact on stock price is expected.