ABB India Limited has informed the Exchange regarding Cessation of Ms Monica Widhani as Non- Executive Independent Director of the company w.e.f. May 05, 2025.
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ABB India has informed stock exchanges that Ms. Monica Widhani (DIN: 07674403) has ceased to be a Non-Executive Independent Director of the company with effect from the close of business hours on May 05, 2025. The reason is the completion of her first term as an Independent Director. The Board has recorded its appreciation for her contribution and stewardship during her tenure. No reasons of dispute or governance concern have been mentioned — this is a routine end-of-term exit.
This is a routine, planned cessation due to completion of the director's first term and is unlikely to have any material impact on the stock price or operations. Shareholders may want to monitor whether a replacement independent director is appointed soon to maintain board composition requirements.