Ampvolts Ltd — Important, 25-10-2025: Company Update

Ampvolts Limited's Independent Director, Mr. Jaydeep Mehta, has resigned, citing the Board's inaction on serious allegations of potential financial irregularities, including a reported diversion of 48 crore from a rights issue escrow account. Mr. Mehta had previously suggested a thorough independent investigation. His departure stems from concerns over governance lapses and difficulties in effectively discharging his duties amidst these unresolved issues, leading to potential personal liability. Consequently, he also ceases to be a member of the Nomination and Remuneration Committee. This highlights significant governance challenges and potential regulatory scrutiny for the company.