Forbes & Company Limited has informed the stock exchanges about the resignation of Mr. Sudhir Wakure (DIN: 07828586) from his role as Whole-time Director (Executive Director) of the company. Mr. Wakure has cited health-related issues that have prevented him from assuming his responsibilities after his appointment, effective from April 5, 2025. Despite having recovered substantially, he expressed uncertainty regarding his full recovery, which led him to make the difficult decision to resign.

The resignation will be effective from April 30, 2025. In his resignation letter, Mr. Wakure thanked the Board for their trust and confidence in him but emphasized that it was in the company’s best interest for him to step down, enabling the Board to appoint a suitable replacement who could contribute more effectively to the company's future success. The resignation is a result of unforeseen health challenges that have persisted since his appointment. He expressed deep regret over not being able to serve the company as intended and wished the company continued success in the future.

This disclosure is made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. As per the regulations, the company has provided details about the resignation, including the reason for change, effective date, and relevant documentation, which are annexed for investor and regulatory records.

Forbes & Company Limited will proceed with finding a suitable replacement to take on the responsibilities of Whole-time Director. This change marks an important moment for the company as it continues to navigate leadership transitions and strives for long-term growth.

The company has complied with the relevant regulations, ensuring transparency in its disclosures. The resignation also reflects the company's commitment to maintaining good corporate governance standards and informing its stakeholders promptly. This event adds to the ongoing developments at Forbes & Company Ltd., and the Board will continue to keep the public and investors updated as further steps are taken.

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