IST independent director resigns due to other commitments

IST Limited today informed the stock exchange that Gopal Krishan Sharma has resigned from his position as an independent director, effective September 13, 2025. The resignation, tendered via a letter dated September 13, 2025, cites "pre-occupation in other activities and commitments" as the reason for his departure. Consequently, Sharma has also stepped down from all committees of the company on which he served.

Sharma confirmed that there are no other material reasons for his resignation beyond those stated in his letter. He also confirmed that he has no claims against the company.

During his tenure, Sharma was a member of the audit committee, nomination and remuneration committee, stakeholders' relationship committee, risk management committee, and corporate social responsibility committee. The company stated this change in board composition is in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.