NewsStocksMarc Loire Fashions Limited Announces Resignation of Two Independent Directors and Appointment of New Board MembersMarc Loire Fashions Limited Announces Resignation of Two Independent Directors and Appointment of New Board Members
Marc Loire Fashions Limited (BSE: 544437) has announced the resignation of two Independent Directors, Mr. Saurabh Shashwat and Ms. Rojina Thapa, effective November 18, 2025. The company plans to appoint Mr. Saurav Gupta and Ms. Yamini Soni as new Independent Directors for five-year terms. A Board meeting is scheduled for November 15, 2025, to address these changes and approve unaudited financial statements for the half-year ended September 30, 2025. The company has closed its trading window from October 1, 2025, until 48 hours after the financial results declaration.
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Marc Loire Fashions Limited , a company listed on the Bombay Stock Exchange (BSE: 544437), has announced significant changes to its Board of Directors. The company has disclosed the resignation of two Independent Directors and plans to appoint two new Independent Directors in their place.
Resignations
Mr. Saurabh Shashwat (DIN: 10074130) and Ms. Rojina Thapa (DIN: 10362834) have tendered their resignations from the Board of Directors of Marc Loire Fashions Limited. Both directors cited personal and unavoidable circumstances as the reasons for their departure. The resignations will take effect from November 18, 2025.
As a result of their resignations, both Mr. Shashwat and Ms. Thapa will also step down from all Board Committees where they served as members. The company confirmed that there are no material reasons for their resignations other than those mentioned in their respective resignation letters.
Current Directorships of Resigning Directors
The company provided information about the other directorships held by the resigning directors:
| Director | Other Directorships |
|---|---|
| Mr. Saurabh Shashwat | Rama Steel Tubes Limited |
| Namoe Waste Management Limited | |
| Titan Securities Limited | |
| Integrated Industries Limited | |
| Ms. Rojina Thapa | Apple Metal Industries Limited |
| Solvex Edibles Limited | |
| Namoe Waste Management Limited |
Upcoming Board Meeting
Marc Loire Fashions Limited has scheduled a Board meeting for November 15, 2025, to address these changes and other matters. The agenda includes:
- Consideration and approval of unaudited financial statements for the half-year ended September 30, 2025.
- Taking note of the resignations of Mr. Saurabh Shashwat and Ms. Rojina Thapa.
- Consideration and approval of the appointment of Mr. Saurav Gupta (DIN: 11371121) as a Non-executive, Independent Director for a five-year term.
- Consideration and approval of the appointment of Ms. Yamini Soni (DIN: 11371065) as a Non-executive, Independent Director for a five-year term.
Trading Window Closure
In compliance with SEBI regulations, the company has closed the trading window for dealing in its shares for all designated persons and insiders from October 1, 2025. The trading window will remain closed until 48 hours after the declaration of the unaudited financial results for the half-year ended September 30, 2025.
The company has advised all Directors, Connected Persons, and Designated Persons not to trade in the company's securities during this period of trading window closure.
Marc Loire Fashions Limited has stated that all decisions made at the upcoming Board meeting will be subject to the provisions of the Companies Act, 2013 and SEBI regulations, as applicable.
Historical Stock Returns for Marc Loire Fashions
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +0.76% | -4.54% | +10.88% | -16.47% | -16.47% | -16.47% |
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