Atlantaa Ltd accepts resignation of Independent Director Samir Degan
Atlantaa Ltd accepted the resignation of Independent Director Mr. Samir Degan effective June 29, 2026, due to personal reasons. He vacated positions as Chairman of the Audit and Nomination & Remuneration Committees and member of the CSR Committee. Mr. Degan confirmed no material reasons for the resignation other than personal ones and no outstanding statutory dues.
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Atlantaa Ltd has accepted the resignation of Mr. Samir Degan as an Independent Director, effective from the close of business hours on June 29, 2026, due to personal reasons. Consequently, he has ceased to be the Chairman of the Audit Committee and Nomination & Remuneration Committee, as well as a member of the Corporate Social Responsibility Committee. Mr. Degan confirmed that there are no other material reasons for his resignation aside from those stated and that there are no disputes or unresolved matters with the company.
The resignation was intimated to the stock exchanges pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Mr. Degan stated that his resignation is effective immediately upon receipt by the company and that he will file the requisite intimation in Form DIR-11 with the Registrar of Companies. The company has been requested to file Form DIR-12 and make necessary intimations to the authorities.
Resignation Details
The company disclosed the following specifics regarding the cessation of the director's tenure:
| Sr No. | Particulars | Disclosure |
|---|---|---|
| 1. | Reason for change viz resignation | Mr. Samir Degan (DIN: 00043450) has submitted his resignation as an Independent Director of the Company with effect from close of business hours on June 29, 2026 due to personal reasons. |
| 2. | Date of cessation | Close of business hours on June 29, 2026 |
| 6. | Names of listed entities in which the resigning director holds directorships | Nil |
| 7. | Confirmation of no other material reasons | Mr. Samir Degan has confirmed that there are no other material reasons for his resignation other than those mentioned in his resignation letter. |
Mr. Degan confirmed that to the best of his knowledge, there are no statutory dues, liabilities, or obligations outstanding against him in his capacity as a director as on the date of resignation. He expressed his appreciation to the Board and management team for their cooperation during his tenure.
Historical Stock Returns for Atlantaa
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -2.79% | -0.03% | -6.05% | -17.82% | +6.24% | +122.07% |
Who will Atlantaa Ltd appoint to fill the vacancies on the Audit Committee and Nomination & Remuneration Committee?
How will the sudden departure of the Audit Committee Chairman impact the company's upcoming financial reporting timelines?
Will the resignation trigger any changes in the company's governance policies or board structure?
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