Jaiprakash Associates Limited — Important, 24-03-2025: Updates

Jaiprakash Associates Limited has informed of the resignation of Ms. Vidya Basarkod, an Independent Director, effective from 25th March 2025, due to personal reasons and other commitments. This resignation comes amid the company's ongoing corporate insolvency resolution process under the Insolvency and Bankruptcy Code. Ms. Basarkod has also stepped down from her roles on the Audit Committee, Nomination & Remuneration Committee, and Risk Management Committee. She confirmed in her resignation letter that she is not a director of any other listed company and that there are no other material reasons for her departure. This leadership change may impact the company's board dynamics as it navigates its insolvency process. Investors should watch closely for any further developments.