Removal of Independent Directors upon completion of 2nd Term
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Awaiting price reaction for this filing.
Ambar Protein Industries Ltd (formerly Ankur Protein Industries Ltd, BSE Code: 519471) has informed the stock exchange that three Independent Directors ceased to hold office on August 14, 2025, upon completion of their tenure. The three directors are Mr. Pradipkumar Sevantilal Shah, Mr. Parimalbhai Bhailalbhai Shah, and Mr. Meghalkumar Harishbhai Chakravarti. This is described as a routine end of term, not a resignation or removal. The company has placed on record its appreciation for their contributions. No new appointments have been announced in this filing.
This is a routine governance event. With all three independent directors exiting on the same day, the company will need to appoint new independent directors soon to maintain SEBI's board composition norms. No immediate negative impact on shareholders is expected, but watch for new independent director appointments.