Veejay lakshmi engineering works Limited has announced that its Board of Directors will convene on March 02, 2026 to deliberate on the appointment of a new Independent Director. The meeting has been scheduled following the recent resignation of an existing board member, creating a vacancy that requires immediate attention.

Director Resignation Details

The company informed BSE Limited through a Regulation 30 announcement dated February 23, 2026 that Sri R. Gurubatham, one of the existing Independent Directors, has resigned from his position. His resignation became effective from February 12, 2026, with the director citing preoccupation as the reason for stepping down from the board.

Board Meeting Agenda

The primary objective of the upcoming board meeting is to decide on the appointment of a new director to fulfill the vacancy left by Sri Gurubatham's departure. The new appointee will serve in the capacity of Independent Director, maintaining the board's composition and governance structure.

Nomination Process

The Audit Committee has already initiated the selection process and has recommended two nominees to the Board of Directors. These recommendations will be presented during the March 02, 2026 meeting for the board's consideration and final decision on the appointment.

Regulatory Compliance

The announcement was made in compliance with Regulation 30 of the Securities and Exchange Board of India (SEBI) listing regulations, ensuring transparency in corporate governance matters. Company Secretary V.K. Swaminathan signed the official communication to BSE Limited, confirming the scheduled board meeting and its agenda.

Veejay lakshmi engineering works Limited has announced the resignation of Sri R. Gurubatham as Independent Director, effective February 12, 2026. The company informed BSE Limited through a regulatory filing under Regulation 30, detailing the departure of the director who had served on multiple board committees.

Director Profile and Tenure

R. Gurubatham served as an Independent Director with Director Identification Number (DIN) 10746471. His professional background and tenure details are outlined below:

Committee Memberships

Gurubatham held significant responsibilities within the company's governance structure, serving as a member of three key committees:

• Audit Committee
• Nomination and Remuneration Committee
• Stakeholders Relationship Committee

His resignation affects his participation in all these committees, requiring the company to address these vacancies in accordance with regulatory requirements.

Resignation Details

The resignation was formalized through a letter dated February 12, 2026, submitted to the Board of Directors. In his resignation letter, Gurubatham cited "other pre-occupations and personal reasons" as the primary factors behind his decision to step down from the directorship.

The letter specifically stated his inability to continue as Director due to these circumstances, requesting the company to complete necessary regulatory filings with the Registrar of Companies.

Board Response

The Board of Directors convened on February 12, 2026, to consider the resignation. The board unanimously decided to accept Gurubatham's resignation as requested and formally recorded their appreciation for his contributions during his association with the company.

The company acknowledged his assistance and guidance provided throughout his tenure, which spanned approximately 16 months from his appointment in September 2024.

Regulatory Compliance

Veejay Lakshmi Engineering Works Limited has fulfilled its disclosure obligations by informing BSE Limited of this directorship change under Regulation 30. The company will need to complete additional regulatory filings and potentially identify suitable candidates to fill the Independent Director position and committee memberships to maintain compliance with corporate governance requirements.