Silky Overseas Limited Announces Resignation of Independent Directors
Silky Overseas Limited has announced that two of its Independent Directors, Mr. Ayush Garg and Mr. Kailash, have tendered their resignations from the Board. The resignations are effective as of the close of business hours on June 12, 2026.The Company accepted the resignations following submissions stating that the change was due to personal reasons and other interests that the directors wished to pursue in the future.
Silky Overseas Limited expressed its deep appreciation for the services rendered by both Mr. Ayush Garg and Mr. Kailash during their tenure as Independent Directors.
Details pertaining to the resignation of the two directors, including their professional commitments outside of Silky Overseas Limited, are summarized below:
| Director Name | Resignation Date | Primary Reason | Other Directorships (As Reported) |
|---|---|---|---|
| Mr. Ayush Garg | June 12, 2026 | Personal reasons and pursuing other interests | GROVER JEWELLS LIMITED (Independent Director), serving on Audit Committee, Nomination & Remuneration Committee, and Stakeholder Relationship Committee. |
| Mr. Kailash | June 12, 2026 | Personal reasons and pursuing other interests | SATYAM PROJECTS LTD (Independent Director), serving on Audit Committee, Nomination & Remuneration Committee, and Risk Management Committee. |
Regarding their resignations, both directors confirmed that there were no material reasons for leaving aside from those detailed in their formal resignation letters. Mr. Ayush Garg's resignation included confirmation of his roles at GROVER JEWELLS LIMITED, while Mr. Kailash’s resignation noted his directorship and committee memberships at SATYAM PROJECTS LTD.
SILKY Stock Price Movement
On Friday, shares of Silky Overseas Limited settled at ₹120.50, with the stock finishing the trading session completely flat. The security recorded a total traded volume of 1600 units during the day.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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