Neelam Linens and Garments Announces Resignation of Independent Director
Team Finance Saathi
28/Feb/2025

What's covered under the Article:
- Mr. Manish Kamalia resigns from Neelam Linens as Independent Director due to personal commitments.
- His resignation is effective from the close of business on February 28, 2025.
- No material reasons other than personal commitments for his resignation.
Neelam Linens and Garments (India) Limited has announced the resignation of Mr. Manish Dwarkaprasad Kamalia from his position as an Independent Director of the company, effective from the close of business on February 28, 2025. The resignation has been tendered due to personal commitments, as stated by Mr. Kamalia in his resignation letter, which has been shared with the company’s stakeholders.
The resignation was formalized in compliance with the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and has been disclosed to both the National Stock Exchange (NSE) and other relevant authorities in accordance with SEBI regulations. The company has clarified that there are no material reasons for his resignation other than personal circumstances, confirming that Mr. Kamalia will not be holding directorship or committee memberships in other listed entities as of his resignation date.
Annexure A contains the resignation letter from Mr. Manish Dwarkaprasad Kamalia, in which he expressed gratitude to the Board members and committees for their cooperation during his tenure. He reaffirmed that there are no material reasons behind his resignation beyond the personal commitments mentioned.
The company has further provided the necessary details as required by Regulation 30 and Schedule III of the SEBI Listing Regulations, confirming that no other material reasons were provided by the director regarding his resignation.
The disclosure also includes a brief overview of the director's background, confirming that Mr. Kamalia has not been involved in any other listed company directorships or committee memberships. This is consistent with the company's compliance obligations and governance requirements under SEBI's guidelines.
With this resignation, Neelam Linens and Garments (India) Limited continues to ensure transparency and adherence to corporate governance standards, maintaining open communication with investors and regulators alike. The company expresses appreciation for Mr. Kamalia’s contributions during his tenure and wishes him well in his future endeavors.
About Neelam Linens and Garments (India) Limited:
Neelam Linens and Garments is a leading company in the textile industry, specializing in the production and export of high-quality garments and textiles. The company operates out of its manufacturing facility in Bhiwandi, Thane, and has a strong presence in the Indian market. Neelam Linens is committed to maintaining high standards of quality, compliance, and corporate governance across all its business practices.
The company also focuses on building sustainable business practices, meeting both local and international market demands while adhering to environmental and ethical manufacturing practices.
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