Akshar Spintex Limited — Others, 27-08-2025: Cessation

Akshar Spintex Limited's shareholders did not approve the appointment of Mr. Sureshkumar C. Gajera as an Independent Director at the Annual General Meeting on August 25, 2025. The Board had initially appointed him as an Additional Independent Director on May 21, 2025, proposing his full appointment for shareholder vote at the AGM. With the resolution not passing, Mr. Gajera's tenure as Independent Director will conclude after August 25, 2025. The company will now focus on assessing and evaluating other potential candidates for this key governance role. This outcome highlights shareholder voice in board composition.