Intimation in term of Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 - Resignation of Chairman and Whole Time Director
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Tusaldah Limited has informed BSE and CSE that Mr. Bhagwan Singh (DIN: 02305246) has resigned as Chairman and Whole Time Director of the company, effective November 3, 2025, citing personal and unavoidable circumstances. He confirmed there are no other material reasons for his departure beyond what is mentioned in his resignation letter. The board has placed on record its appreciation for his contributions during his tenure. In the same board meeting, Mrs. Madhura Alok Singh (DIN: 11323203) was appointed as an Additional Director in the capacity of a Non-Executive & Independent Director for a period of 5 years, effective November 3, 2025, subject to shareholder approval. Mrs. Singh holds 12+ years of experience in corporate governance and board advisory, with credentials including being a Fellow Company Secretary (ICSI) and LLM Gold Medallist.
The sudden exit of the Chairman and Whole Time Director — a key managerial position — may raise governance concerns among shareholders, especially given the vague 'unavoidable circumstances' reason. The simultaneous appointment of an experienced independent director is a positive governance step, but investors should watch for clarity on succession planning at the executive level, as this could create short-term leadership uncertainty and potential stock price volatility.