Shiva Granito Export Limited Files BSE Intimation for Independent Director Resignation
Shiva Granito Export Limited has submitted formal intimation to the Bombay Stock Exchange regarding the resignation of Independent Director Mr. Satish Heda (DIN: 10554028), effective March 10, 2026. The company provided comprehensive regulatory documentation including the resignation letter and required disclosures under SEBI regulations, with Managing Director Abhinav Upadhyay signing the formal communication.
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Shiva granito export Limited has formally notified the Bombay Stock Exchange regarding the resignation of Mr. Satish Heda from his position as Independent Director, effective from the closing of working hours on March 10, 2026. The company submitted the intimation on March 11, 2026, in compliance with Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.
Formal BSE Intimation
The company addressed its formal communication to the Manager, Department of Corporate Services, BSE Limited at Phiroze Jeejeebhoy Towers, Dalal Street, Fort, Mumbai. The intimation was signed by Managing Director Abhinav Upadhyay (DIN: 01858391) and included comprehensive documentation as required under regulatory provisions.
| Parameter: | Details |
|---|---|
| Scrip Code: | 540072 |
| Intimation Date: | March 11, 2026 |
| Director Name: | Mr. Satish Heda |
| DIN: | 10554028 |
| Position: | Independent Director |
| Resignation Date: | March 10, 2026 |
| Effective From: | Closing of working hours, March 10, 2026 |
Resignation Details and Documentation
Mr. Satish Heda submitted his resignation letter on March 10, 2026, citing preoccupation and personal unavoidable circumstances as the reason for his departure. In his resignation letter, he explicitly confirmed that there are no other material reasons for his resignation beyond those mentioned. The resignation letter was addressed from his residence at Ward No. 13, Fatehnagar, Udaipur, Rajasthan.
Regulatory Compliance Framework
The company provided complete documentation including Annexure-1 containing details required under Regulation 30 of the SEBI Listing Regulations read with SEBI Circular CIR/CFD/CMD/4/2015 dated September 09, 2015, and Annexure-2 containing the resignation letter. The regulatory framework mandates specific disclosures for Independent Director resignations.
| Regulatory Requirement: | Company Response |
|---|---|
| Reason for Change: | Resignation due to preoccupation and personal circumstances |
| Date of Cessation: | March 10, 2026 |
| Resignation Letter: | Enclosed as Annexure-2 |
| Material Reasons Confirmation: | No other material reasons confirmed |
| Other Listed Directorships: | Nil |
| Committee Positions: | Nil |
Board Impact and Transition
With his resignation from the Independent Director position, Mr. Heda will also step down as member or chairman of any committees of the Board of Directors of Shiva Granito Export Limited. The resignation letter specifically requested the company to arrange necessary forms and intimations with the Registrar of Companies and Stock Exchange regarding his departure. The company's registered office is located at 8, Bhatt Ji Ki Baari, Udaipur, Rajasthan.
Historical Stock Returns for Shiva Granito Export
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -100.00% | -100.00% | -100.00% | -100.00% | -100.00% | -100.00% |
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