Veer Global Infraconstruction543241Routine director change

Independent Director Subodh Jain tenders resignation, also exits committee roles and Vigilance Officer post

Independent Director Subodh Jain resigned from Veer Global Infraconstruction effective close of business on October 22, 2026, citing personal reasons.

By ScoutQuest · Thu 22 Oct 2026, 4:28 PM IST · 3 min read

Resignation Effective Date: close of business on October 22, 2026
Director Resigning: Independent Director Subodh Jain
Committee Roles Vacated: Audit Committee, Nomination and Remuneration Committee and Stakeholders' Relationship Committee; Vigilance Officer
AGM Reference: 15th Annual General Meeting held on September 19, 2026
Stated Reason: pre-occupation with other personal and professional commitments

What happened

Mr. Subodh Jain, Independent Director, has tendered his resignation from the company with effect from the close of business hours on October 22, 2026.
Consequent to the resignation, he also ceases to be Chairman / Member, as applicable, of the Audit Committee, the Nomination and Remuneration Committee and the Stakeholders' Relationship Committee, and ceases to act as Vigilance Officer under the Whistle Blower Policy of the company.
The company has placed the prescribed details in an annexure and attached his resignation letter.

Stated reason

The detailed reason given is pre-occupation with other personal and professional commitments, because of which he says he is unable to devote the requisite time and attention necessary to effectively discharge the fiduciary responsibilities associated with the role of Independent Director and Chairman of Board Committees.
He has confirmed that there are no other material reasons for his resignation other than those stated.
He has also confirmed that, as on date, he does not hold directorships (whether executive, non-executive or independent) or board committee memberships in any other listed entity.

Points from his letter

He states that his role during his tenure was strictly non-executive in nature.
He notes that his resignation comes notwithstanding the resolution considered and approved at the 15th Annual General Meeting held on September 19, 2026 regarding his re-appointment / continuation for a second term, and asks that the communication be treated as a formal relinquishment of office and non-acceptance / resignation from any subsequent tenure.
He has revoked and terminated, with immediate effect, any authority given to the company, its directors, key managerial personnel, employees or retained professionals to use or affix his Digital Signature Certificate, and instructed that it not be used for statutory e-forms, returns or updates.
He has asked the compliance officer and the company to update records and intimate the depositories to remove and de-tag his name, PAN and demat account(s), and the PAN and demat details of his immediate relatives, from the list of 'Designated Persons' under the SEBI (Prohibition of Insider Trading) Regulations, 2015, and to lift automated trading window restrictions on those accounts.
He has asked the company to complete the statutory compliances, including update Form DIR-12 with the Registrar of Companies and intimating BSE Limited within the prescribed timelines, and to share acknowledged copies along with the ROC challan.

What this means for a retail reader

This is a change in board and committee composition, not a change in the company's day-to-day operations; the role described is non-executive, with the company and its executive management stated to remain responsible for operations, financial liabilities, banking facilities and statutory compliances.
Because the director was heading three board committees and was Vigilance Officer, the company will need to fill those positions; the disclosure records the cessation but does not itself announce replacements.
The stated reason is personal and professional pre-occupation, and the director has confirmed there are no other material reasons.