Mangalam Worldwide Limited Announces Resignation of Independent Director Sarika Sachin Modi
Mangalam Worldwide Limited has announced the resignation of Mrs. Sarika Sachin Modi from her position as a Non-Executive Independent Director, effective July 4, 2026. The company stated that she stepped down due to personal preoccupation and other professional commitments.Mrs. Modi's resignation encompassed all roles held by her within the company at the time of departure. As a result of her decision, she ceased to be both the Chairperson and a Member of various committees within Mangalam Worldwide Limited as well.
The company received confirmation from Mrs. Modi that there are no material reasons for her resignation other than those stated in her notice of resignation.
Key Details of the Resignation
A summary of the disclosure requirements regarding the change in directorship is provided below:| Detail | Information |
|---|---|
| Director Name | Mrs. Sarika Sachin Modi (DIN: 08320453) |
| Nature of Change | Resignation as Non-Executive Independent Director |
| Date of Cessation | Close of business hours on July 4, 2026 |
| Reason for Change | Personal preoccupation and other professional commitments |
Directorships Held by the Director
In addition to her role with Mangalam Worldwide Limited, Mrs. Sarika Sachin Modi holds directorships and committee memberships in other listed entities. These include a directorship at Mangalam Global Enterprise Limited.Regarding her association with Mangalam Global Enterprise Limited, her committee roles include:
- Chairperson of the Stakeholders' Relationship Committee
- Member of the Audit Committee
- Member of the Nomination and Remuneration Committee
MWL Stock Price Movement
Mangalam Worldwide Limited shares on Friday slipped by 0.07%, closing at ₹376 after shedding ₹0.25 from the previous close. The equity recorded a trading volume of 41,226 shares during the session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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