Resignation of Mr. Utsav Sumantkumar Bhavsar as Non executive Independent Director after business hours w.e.f July 14, 2025
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Mr. Utsav Sumantkumar Bhavsar (DIN: 10121169) has resigned as an Independent Director of Vishvprabha Ventures Limited, effective from the close of business hours on July 14, 2025. The reason cited is personal and unavoidable circumstances, with no material reasons provided. He was a member of the Audit Committee, Nomination and Remuneration Committee, and Stakeholder Relationship Committee of the company. He also served as an Independent Director on the boards of Kesar India Limited and Pramara Promotions Limited. The company has disclosed the resignation under SEBI LODR Regulation 30.
This is a single Independent Director exit for personal reasons with no governance red flags, so the immediate impact on shareholders is likely minimal. However, the company will need to fill the vacancy within the prescribed timelines to maintain the required composition of the board and its committees.