BG Srinivas, who was appointed Non-Executive and Independent Director on March 28, 2023, informed the Board that due to pre-occupation and other personal commitments, he tendered his resignation as a Non-Executive & Independent Director of PDS Limited, effective from the close of business hours on November 4, 2026. Correspondingly, he will also step down as a Member of the Audit Committee, underscoring a governance transition at the board level. In his communication, he confirmed that there is no other material reason for his resignation beyond the stated personal commitments.
The resignation marks another chapter in the ongoing evolution of the company’s board, reflecting the challenging balance between board responsibilities and personal commitments that independent directors sometimes navigate. The note explicitly states that the move is not connected to any other material issue, aligning with standard corporate governance practice when independent directors depart.
Annexure II attached to the letter indicates there are NIL listed-entity directorships or board memberships for Srinivas beyond his role at PDS Limited, effectively signaling a standalone departure from the company rather than a broader governance shift elsewhere. The Board and management have been thanked by Srinivas for the support extended to him during his tenure, and the company publicly wishes him continued success in his future endeavors.
As PDS Limited heads into the next phase of leadership oversight, the board will evaluate continuation and refreshment options to uphold governance standards and strategic oversight. The company’s leadership will likely begin the process of identifying a suitable successor to continue rigorous independent oversight and strengthen the Audit Committee’s mandate moving forward.