Resignation of Director with effect from 19-02-2024
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Awaiting price reaction for this filing.
Typhoon Holdings Ltd informed the stock exchanges about three resignations happening back-to-back. Mr. Apurvkumar Pankajbhai Patel stepped down as Chief Financial Officer effective 18 February 2024, citing 'Pre-Occupancy.' On the same day, Mr. Pankaj Kewalramani also resigned as Company Secretary and Compliance Officer, stating he was unwilling to continue. A day later, on 19 February 2024, Mr. Viren Makwana resigned as Independent Director, again due to unwillingness to continue. All three confirmed in their resignation letters that there are no other material reasons beyond what they have stated. The company has not yet announced any replacements for these positions.
Losing the CFO, the Company Secretary, and an Independent Director within two days is a notable governance event for a small company and may worry investors about internal stability and compliance. Shareholders should look out for timely announcements regarding new appointments to these critical roles.