Intimation of Completion of Tenure of Mr. Satish Chandra Sinha, Independent Director of the Company
ALMONDZ · price
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Mr. Satish Chandra Sinha (DIN: 03598173), Independent Director of Almondz Global Securities Ltd, has completed his second term of 5 years, ending on May 24, 2026. With this, he has ceased to be an Independent Director of the Company effective end of day on May 24, 2026. The tenure limit for independent directors under the Companies Act is a maximum of two consecutive terms of 5 years each, which Mr. Sinha has now completed. The Board has placed on record its appreciation for his contributions during his extended association with the Company. The Company Secretary, Ajay Pratap, signed and submitted the disclosure under Regulation 30 of the SEBI LODR Regulations.
The stock may see minor pressure as the board loses an experienced independent director, though this is a routine regulatory retirement with no red flags. The company will need to appoint a new independent director to maintain board composition compliance.