The Hi-Tech Gears Limited has informed the Exchange regarding Resignation of Mr. Sameer Gupta as Non- Executive Independent Director of the company w.e.f. Closure of Business Hours of Jun 20, 2025.
HITECHGEAR · price
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Mr. Sameer Gupta (DIN: 00513925) has resigned from the Board of The Hi-Tech Gears Limited as a Non-Executive Independent Director, effective from the close of business hours on June 20, 2025. He cited pre-occupation elsewhere as the reason and confirmed there are no other material reasons for his departure. He will also step down as a member of the Audit Committee and the Nomination & Remuneration Committee. The company received his resignation letter on June 20, 2025, at 3:07 PM IST.
This is a single independent director resignation for personal reasons with no governance concerns flagged. The board will need to fill the vacancy to maintain committee composition requirements, but the impact on shareholders or the stock is likely minimal.