Manglam Infra & Engineering Limited, formerly known as Manglam Associates, recently made an important announcement regarding changes in its board of directors. The company informed the National Stock Exchange of India Ltd. about the resignation of two independent directors, Vinod Chandra Semwal and Sanjay Chaudhary, which was confirmed by their respective resignation letters dated February 6, 2025. Both directors expressed their decision to step down from their roles due to personal reasons and preoccupations.

Details of the Resignations

In their respective letters, both Mr. Vinod Chandra Semwal and Mr. Sanjay Chaudhary confirmed that there were no material reasons for their resignation beyond those mentioned in their resignation letters. These confirmations reflect a peaceful and voluntary transition for both individuals from the board. The resignations are effective from the closure of business hours on February 6, 2025.

Mr. Semwal and Mr. Chaudhary had served as Non-Executive - Independent Directors of the company, offering their expertise and guidance. However, due to personal commitments, they decided to step down, allowing the company to adjust its board composition accordingly.

Both letters were submitted in accordance with the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, ensuring full compliance with the regulations. As per the regulations, Manglam Infra & Engineering Limited also submitted the necessary documentation outlining the reasons for the resignation, confirming that no other material reasons exist.

Company’s Future Direction After the Resignations
While the company bids farewell to two of its experienced board members, the transition paves the way for future growth and possible new appointments in the near future. Manglam Infra & Engineering Limited has confirmed that the decision will not affect its operations and ongoing projects.

The Board of Directors and management team have expressed gratitude to both directors for their contributions during their tenure. They thanked Mr. Semwal and Mr. Chaudhary for their dedication and service to the company, wishing them the best in their future endeavors.

Regulatory Compliance

In line with the regulations, the company has disclosed detailed information about the resignations, including the necessary annexures that outline the information required by the SEBI circular and Listing Regulations. This ensures that investors and stakeholders are kept well-informed about the changes in the leadership structure.

Next Steps for Investors and Stakeholders
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