RESIGNATION OF MR.ANIL MITTAL, (DIN: 00040337) NON-EXECUTIVE, NON INDEPENDENT DIRECTOR OF THE COMPANY WITH EFFECT FROM 29TH MAY,2026
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Mr. Anil Mittal has tendered his resignation from the Board of Directors of Trans Freight Containers Ltd with effect from May 29, 2026. The resignation has been noted and accepted by the Board at its meeting held on the same date. Mr. Mittal cited prior business commitments and inability to devote sufficient time to the company's management and operations as the reason for his departure. The company has confirmed there is no other material reason for the resignation beyond those stated. The Board expressed appreciation for his valuable contribution during his tenure as Director.
This resignation removes a Non-Executive, Non-Independent Director from the board. Since the company states no governance issues or other material reasons exist, the impact on shareholders and stock price is likely minimal. However, investors should monitor for replacement appointments to ensure the board maintains adequate composition.