VAXTEX COTFAB LIMITED has informed the Exchange about Resignation of Independent director.
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Two independent directors, Harsh Mahendrakumar Kothari (DIN: 09310696) and Ravi Jitendra Modi (DIN: 10932249), have resigned from Vaxtex Cotfab Limited, effective December 29, 2025. Kothari cited pursuit of new career opportunities, while Modi cited other professional engagements preventing him from dedicating adequate time. Both resignations were filed under Section 168 of the Companies Act, 2013, and no material reasons beyond those stated were disclosed.
The simultaneous exit of two independent directors raises governance concerns for retail investors, as it could weaken board oversight. Shareholders should watch for timely appointment of replacements to ensure compliance with minimum independent director requirements.