This is in continuation of the Corporate Announcements submitted by the Company on August 14, 2025 under Reg 30 of the SEBI (LODR) Regulations, 2015, intimating the resignation of Directors ....
Awaiting price reaction for this filing.
June Industries Ltd has submitted a clarification to BSE regarding the resignations of three Independent Directors — Mr. Mayank Khetan, Mr. Devakinandan Sharma, and Mrs. Amrita Khetan — all effective August 14, 2025. The company states that all three resigned due to pre-occupancy, as they were unable to devote adequate time after the completion of an open offer by acquirers. The company clarifies there was no disagreement with the Board or management. The additional details were submitted after BSE asked for them, as the original disclosure had inadvertently omitted the detailed reasons. The clarification was signed by Managing Director Kalpesh Bipin Sheth on January 7, 2026.
For shareholders, this means three independent directors have stepped down within a short period following a change in ownership (open offer by acquirers). While the company cites time constraints rather than any dispute, the loss of multiple independent directors at once may raise questions about board continuity, though no governance disagreement is alleged.