Vaxtex Cotfab Limited has informed the Exchange about Resignation of Director/KMP/SMP
VCL · price
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Vaxtex Cotfab Limited has announced the resignation of Ms. Anjali Gupta (DIN: 11427179) from her position as Non-Executive Independent Director, effective May 31, 2026. The resignation letter was dated May 27, 2026. Ms. Gupta cited pre-occupation and other personal/professional commitments as the reason for her departure. The company confirmed that the Independent Director has provided written confirmation that there are no other material reasons for her resignation beyond those stated in the resignation letter. The Managing Director, Mr. Aakash Rajeshbhai Thakor, signed off on the filing.
The resignation of an Independent Director reduces board independence and may raise governance concerns for investors, particularly since no replacement has been announced. The stock could face minor negative sentiment until a new Independent Director is appointed.