Intec Capital's Independent Director Kanwar Nitin Singh Resigns, Citing Pre-occupation

1 min read Updated on 11 Nov 2025, 04:40 AM

Reviewed by

Radhika SahaniScanX News Team

Overview

Intec Capital Limited announced the resignation of Mr. Kanwar Nitin Singh from his position as Non-Executive Independent Director, effective November 10, 2025. The resignation was attributed to pre-occupation elsewhere. Mr. Singh held independent director positions at six other listed entities at the time of his resignation. Intec Capital has complied with SEBI regulations by providing necessary information and documentation regarding the resignation.

*this image is generated using AI for illustrative purposes only.

Intec Capital Limited, a non-banking financial company, has announced the resignation of Mr. Kanwar Nitin Singh from his position as Non-Executive Independent Director. The resignation, effective November 10, 2025, was attributed to pre-occupation elsewhere, according to a regulatory filing by the company.

Resignation Details

Mr. Singh's departure from the board comes with immediate effect, as he stated in his resignation letter that he would not be able to fulfill his responsibilities towards the company due to other commitments. The Board of Directors has acknowledged his valuable contribution during his tenure.

Corporate Governance Implications

This resignation highlights the importance of board composition and the challenges companies face in maintaining a stable and committed leadership team. Independent directors play a crucial role in ensuring good corporate governance and providing unbiased oversight.

Mr. Singh's Current Directorships

At the time of his resignation, Mr. Singh held independent director positions at six other listed entities:

Company Name	Position
Spright Agro Limited	Independent Director
Alka Securities Limited	Independent Director
Leel Electricals Limited	Independent Director
Take Solutions Limited	Independent Director
Afloat Enterprises Limited	Independent Director
Muktamani Finco Limited	Independent Director

Regulatory Compliance

In compliance with the Securities and Exchange Board of India (SEBI) Listing Obligations and Disclosure Requirements Regulations, 2015, Intec Capital has provided the following key information:

The resignation is effective from November 10, 2025.
Mr. Singh has confirmed that there are no material reasons for his resignation other than those mentioned in his resignation letter.
The company has submitted the necessary documentation to the stock exchange, including the resignation letter as an annexure.

Impact on Intec Capital

While the immediate impact of Mr. Singh's resignation on Intec Capital's operations is not specified, the company will need to find a suitable replacement to maintain the required composition of its board of directors. This change in the board structure may lead to a brief period of adjustment for the company's governance processes.

Investors and stakeholders will likely be watching closely to see how Intec Capital addresses this change in its board composition and whether it affects the company's strategic direction or decision-making processes in the near future.

Historical Stock Returns for Intec Capital