Jyoti CNC Automation announced the resignation of Mr. Prasad Parameswaranpillai Naga from his position as an Independent Director, effective October 26, 2025. Mr. Naga also relinquished his roles on various committees, including the Audit Committee. The resignation is due to other professional commitments.
Director Resignation
Mr. Prasad Parameswaranpillai Naga has resigned from his position as an Independent Director of Jyoti CNC Automation, effective October 26, 2025. The resignation was formally submitted on October 28, 2025.
Committee Involvement
Consequent to his resignation, Mr. Naga also stepped down from his memberships in the Audit Committee, Nomination and Remuneration Committee, and Stakeholder Relationship Committee. These changes are effective from the same date, October 26, 2025.
Reason for Resignation
The resignation is attributed to Mr. Naga’s other professional preoccupations. He confirmed there are no other material reasons for his decision beyond those stated in his resignation letter, dated October 26, 2025.
Other Directorships
At the time of his resignation, Mr. Naga held independent directorships in Axis Bank Limited and Styrenix Performance Materials Limited.
Committees at Other Entities
During his tenure, Mr. Naga was a member of several committees at Axis Bank Limited, including the Committee of Directors, Stakeholders Relationship Committee, Review Committee, Special Committee of the Board for Monitoring and Follow-up of cases of Frauds (SCBMF), and the Customer Service Committee of the Board. He also served on the Audit Committee, Stakeholders Relationship Committee and Risk Management Committee at Styrenix Performance Materials Limited.
Source: BSE
