Landsmill Green Limited, the Mumbai-based company formerly known as Excel Realty N Infra Limited, has announced the resignation of Runel Saxena as Non-Executive Independent Director effective October 5, 2026. The move comes as Saxena cited pre-occupation and other personal commitments that would prevent her from dedicating the time and attention the role requires. In the resignation letter, Saxena confirms there are no other material reasons for stepping down beyond these personal constraints.
The company notes Saxena disclosed her other directorships at Adinan Lifestyle Limited and Riyaasat Lifestyle Limited, underscoring the common industry-wide balancing act between board duties and other professional commitments. The board and management will now consider appropriate steps to fill the ensuing vacancy to maintain governance standards and board effectiveness.
Ankit Mehra, the Managing Director of Landsmill Green Limited, signed the communication announcing the resignation. The development adds to the ongoing evolution of leadership composition at the firm, which has undergone changes in its corporate branding and governance posture in recent years. As the board processes this transition, investors and stakeholders will be watching how swiftly the vacancy is addressed and how the company preserves continuity in oversight and strategy.
Ultimately, the departure of a Non-Executive Independent Director marks a moment for the board to reassess dynamics, refresh perspectives, and reinforce the governance framework that guides Landsmill Green as it navigates its next phase of growth.