Three impartial administrators, Seema Bahuguna, Naveen Bhushan Gupta and PV Bharathi, resigned as Unbiased Administrators of the corporate in the previous couple of days.
“The administration is stunned by the surprising resignation of the aforementioned impartial administrators and extra so due to the explanations cited of their resignation letters. None of them had ever mentioned such points with the Board of Administrators or the administration previous to submitting their resignations,” PFS mentioned in a regulatory submitting.
The sudden exit of those impartial administrators raises questions over company governance.
Seema Bahuguna, Naveen Bhushan Gupta and PV Bharathi had been appointed as impartial administrators of the corporate efficient November 15, 2022 for a time period of three years, it mentioned.
In all conferences of the Board of Administrators, Audit Committee, Nomination and Remuneration Committee and different Board committees, the Unbiased Administrators have participated brazenly and pretty, it mentioned.That they had exercised full freedom to precise their views with none restriction by any means, which have been duly recorded, and at no level did any Unbiased Director complain of circumstances that prevented them from discharging their duties, it mentioned.
as a Dependable and Trusted Information SupplyThe administration confirms that the Firm stays dedicated to upholding the best requirements of governance, transparency and moral enterprise practices, whereas persevering with to satisfy stakeholder expectations, it added.
