Cessation of Mr. Shekhaar Shetty pursuant to completion of second term.
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Aeonx Digital Technology Ltd has informed the stock exchanges that Mr. Shekhaar Shetty (DIN: 07824778) ceased to be an Independent Director of the company with effect from 17th May 2025. The cessation is on account of the natural completion of his second and final term as an Independent Director, as permitted under the Companies Act. The board has recorded its appreciation for his contributions and guidance during his tenure. The disclosure has been made under SEBI Listing Regulations and is accompanied by the standard Regulation 30 disclosure annexure.
This is a routine, expected event with no negative implications for shareholders. Independent Directors in India are typically limited to two consecutive five-year terms, so this cessation was planned and not triggered by any governance concern or disagreement. The company will need to appoint a new Independent Director in due course to maintain the statutory board composition.