Revised filing under Regulation 30
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Mr. Suneil Chawla (DIN: 05121595) has resigned as Non-Executive Independent Director effective 27th May 2025. The resignation is linked to a change in control of the company under a Share Purchase Agreement dated 21st March 2025 between existing promoters and new acquirers (described as a 'Takeover'). The filing was revised after BSE asked for additional information on the original disclosure. Mr. Chawla does not hold directorships in any other listed entity and has confirmed there are no other material reasons for his exit. This is the second time the disclosure has been filed with the exchange.
The resignation signals a formal transition in ownership and board composition following the takeover, which shareholders should monitor for any related corporate restructuring or name changes. A clean exit with no governance concerns is reassuring, but the underlying control change is the more material event for investors.