Barbeque Nation Hospitality Limited has informed the Exchange regarding Resignation of Mr Ajay Nanavati Vipin as Non- Executive Independent Director of the company w.e.f. May 22, 2025.
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Mr. Ajay Nanavati Vipin has resigned as Non-Executive Independent Director of Barbeque-Nation Hospitality Limited, effective May 22, 2025. He was also serving as Chairman and Member of the Nomination and Remuneration Committee, both roles he has stepped down from. In his resignation letter, he stated that the company's strategies are not aligned with his expertise, leaving him unable to contribute effectively after roughly a year on the board. He confirmed there are no other material reasons for his departure.
The exit of an independent director who also chaired the Nomination and Remuneration Committee creates a near-term gap in board oversight and committee leadership. The stated reason of strategy misalignment is a mild governance red flag that investors may want to monitor, even though it was framed as a fit issue rather than an open dispute.