Pursuant to Regulation 30 of SEBI (LODR) Regulations, 2015, we are enclosing herewith Intimation regarding the cessation of Dr. Sumit Dutta Chowdhury (DIN: 02117586) as Independent Director ....
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ABM Knowledgeware has informed BSE that Dr. Sumit Dutta Chowdhury (DIN: 02117586) has ceased to be an Independent Director of the company with effect from the close of business hours on 27 March 2026. The cessation is due to the natural completion of his second consecutive five-year term and is not due to any resignation, dispute, or governance issue. The Board has recorded its appreciation for his contributions. Consequently, his membership and chairmanship across various Board committees have also ended, and the Board and its committees (Audit, Nomination & Remuneration, and CSR) have been reconstituted using existing directors. The reconstituted board retains Mr. Prakash Baburao Rane as Chairman & Managing Director, with Mrs. Supriya Prakash Rane and three other Independent Directors continuing on the board.
This is a routine, planned end-of-tenure change with no negative implications for shareholders. The company still has three Independent Directors and meets board composition norms, so governance continuity is maintained.