Intimation in term of Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 - Appointment of Independent Director and resignation of Chairman and ....
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Tusaldah Limited (formerly High Street Filatex Limited) announced two board changes effective November 3, 2025. Mrs. Madhura Alok Singh (DIN: 11323203) has been appointed as an Additional Non-Executive & Independent Director for a five-year term (until November 2, 2030), subject to shareholder approval. She brings over 12 years of experience in corporate governance, board advisory, and regulatory compliance, and is not debarred by SEBI or any other authority. Separately, Mr. Bhagwan Singh (DIN: 02305246) has resigned as Chairman and Whole Time Director due to personal and unavoidable circumstances, with no other material reasons cited.
Shareholders should note the simultaneous exit of the Chairman and Whole Time Director (a Key Managerial Personnel) alongside the induction of a new independent director. The loss of a key executive without a stated successor plan could raise short-term governance concerns, while the addition of an independent director with strong compliance credentials may be viewed as a positive governance signal.