Thakkers Developers Ltd — Important, 01-10-2025: Company Update

Thakkers Developers announced that Non-Executive Independent Director Gaurav Jayant Deshmukh has stepped down, effective after business hours on September 30, 2025. This change follows a collective view among Independent Directors to refresh and reconstitute the independent director panel. The aim is to enhance board diversity, bring new perspectives, and further strengthen corporate governance and objectivity. This move supports the company's continuous effort to align with evolving expectations for board composition, ensuring robust oversight and strategic direction. The company expressed appreciation for his contributions during his tenure.