U. Y. FINCORP LIMITED has informed the Exchange about Resignation of Independent director.
UYFINCORP · price
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U. Y. Fincorp Limited has informed the exchanges that Mr. Govind Kumar Goyal (DIN: 02466348) has ceased to be an Independent Director of the company with effect from July 23-24, 2025. The cessation is because he completed his second and final consecutive term of five years as a Non-Executive Independent Director, in line with Section 149(11) of the Companies Act, 2013. The board recorded its appreciation for his contributions during his tenure. The disclosure was filed under Regulation 30 of the SEBI Listing Regulations. The company is required to fill the vacancy on its board within the timelines prescribed under the Companies Act.
This is a routine, non-negative event — a planned end of tenure rather than a sudden exit. Shareholders should watch for the company's subsequent announcement of a new Independent Director appointment to maintain the required board composition.