Sameer Gehlaut has resigned from the non-executive director of Indianbulls Housing Finance, with the effect of March 14, 2022.
“I have decided to let go of my existing position from the company’s non-executive director and therefore hand over my resignation as a non-executive director of the company effectively starting March 14, 2022,” said Sameer Gehlaut in his resignation letter.
“I have been through my promoter company, recently sold 11.9% of the shares in it and now has 9.71% that I want to hold as a public shareholder to participate in the story of growth in the future,” Gehlaut added in the letter .
Gehlaut will also resign from the company’s board at the end of the current financial year, March 31, 2022.
Gehlaut previously announced that he would come out of this fiscal board and continue to remain a minority stakeholder. Housing IB will be “the company managed and managed fully and managed”.
Gehlaut said in December, “I will resign from the Council of the Company at the end of the end of the current fiscal year March 31, 2022, and will complete the company’s de-promoter process with the approval needed.”
The promoter coming out of company ownership will be reclassified as a public category and will not have control over the company.
Indianbulls Housing Finance said that business / operation / daily activities are controlled and managed professionally by the management team and directors. Promoters out are not involved in the company’s daily activities and are not related to the company’s business in any way, it is Saud, adding that they do not use any control of the company, business and policy decisions – directly or indirectly.
