Management Change11 April 2026 at 02:30 pm
Unishire Urban Infra: Independent Director Resigns Over Unpaid Fees
AI Summary
Unishire Urban Infra Ltd announced the resignation of Ms. Geeta Devi, a Non-Executive & Independent Director, effective April 11, 2026. The primary reason cited for her departure is the non-payment of sitting fees by the company since April 2025. Ms. Devi confirmed that there are no other material reasons for her resignation. The company has acknowledged the disclosure as per Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This event highlights a potential corporate governance issue regarding director remuneration at Unishire Urban Infra Ltd.
Key Highlights
- Independent Director Geeta Devi resigned from Unishire Urban Infra.
- Resignation effective April 11, 2026, due to unpaid sitting fees.
- Fees were unpaid since April 2025, indicating a financial issue.
- No other material reasons for the director's departure were cited.
- This raises corporate governance concerns for the company.