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

Thakkers Developers Limited announced that Manish Vilas Lonari has stepped down as a Non-Executive Independent Director, effective September 30, 2025, after business hours. His departure is a result of a collective decision by the company's Independent Directors to refresh the board's composition. This initiative aims to foster greater diversity, introduce new perspectives, and strengthen corporate governance practices, ensuring continued objectivity and independence. The company appreciates his contributions during his tenure.