With reference to the above subject and BSE''s mail dated 24.12.2025 and in continuation of our letter dated 27.03.2025. Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure ....
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Virya Resources Ltd has informed the stock exchanges that two Independent Directors — Mr. Sunil Kumar Kacham (DIN: 10309866) and Ms. Shilpa Bung (DIN: 08257931) — resigned from the Board effective close of business hours on 26th March 2025. Both cited other professional commitments as the reason for stepping down. The company stated that the resigning directors confirmed there are no other material reasons beyond those disclosed. The Board recorded its appreciation for their contributions. This filing is a follow-up submission to BSE providing additional details that were previously sought by the exchange regarding the earlier intimation dated 27.03.2025.
The simultaneous exit of both Independent Directors could raise governance concerns for retail investors, as it may affect board composition and committee independence. Investors should watch for timely appointment of new Independent Directors to ensure regulatory compliance with minimum board composition norms.