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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On November 3, 2025, Tusaldah Limited announced two board changes at a single meeting. Mrs. Madhura Alok Singh (DIN: 11323203) was appointed as an Additional Non-Executive & Independent Director for a five-year term from November 3, 2025 to November 2, 2030, subject to shareholder approval. She brings over 12 years of experience in corporate governance, board advisory, secretarial audits, IPO documentation, and holds qualifications as a Company Secretary (ICSI) and LLM Gold Medalist. In the same meeting, the Board accepted the resignation of Mr. Bhagwan Singh (DIN: 02305246) as Chairman and Whole Time Director, effective November 3, 2025, citing personal and unavoidable circumstances. The company confirmed there are no other material reasons behind his exit and that he has not been debarred by SEBI.
The simultaneous loss of the Chairman and Whole Time Director (a Key Managerial Personnel) may create short-term leadership uncertainty for this small-cap company, though the appointment of a governance-focused Independent Director should bolster board oversight. Shareholders should watch for further updates on a permanent replacement for the Chairman/WTD role.