Garuda Construction and Engineering Limited has disclosed that Krishnakumar Laxman Bangera has submitted his resignation as an Independent Director of the company, effective 1 April 2026, and will also step down from various board committees. The company notes that the board meeting on the resignation day commenced at 6:30 PM and concluded at 7:30 PM.
The resignation is attributed to pre-occupation with other professional assignments, rendering it challenging for Bangera to devote sufficient time to attend company meetings. The company states there are no other material reasons beyond what is stated in his letter of resignation.
Bangera also serves as a Non-Executive Independent Director at Electro Force (India) Limited, where he sits on multiple committees including Audit, Corporate Social Responsibility, Nomination and Remuneration, and Stakeholder Relationship. This information is disclosed in the accompanying annexures to the resignation filing. The move highlights ongoing governance considerations as Garuda navigates board refreshment and potential succession planning.
Overall, the development signals a routine, though notable, moment of governance evolution for Garuda as it adjusts its board composition and continues to focus on strong oversight and strategic leadership.