Cessation of Mr. Rhythm Garg (DIN : 02881514), due to completion of second term of appointment as an independent director of the company w.e.f. April 12, 2025.
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Anna Infrastructures Limited has informed BSE that Mr. Rhythm Garg (DIN: 02881514), Non-Executive Independent Director, ceased to hold office with effect from the close of business hours on April 12, 2025. The cessation is due to the natural completion of his second consecutive 5-year term as an independent director, which is the maximum tenure permitted under SEBI regulations. The Board recorded its appreciation for his services during the 10-year tenure. Following his exit, the company's board committees (Audit, Nomination & Remuneration, Stakeholder Relationship, and Independent Director) have been reconstituted. The company still has three independent directors — Mr. Vivek Agarwal, Mr. Prashant Surana, and Mrs. Nidhi Jalan — so board composition and committee structure remain compliant.
This is a routine, regulatory-driven change with no governance red flags. No immediate impact is expected on the stock price or shareholder value, as the company continues to meet the minimum independent director requirement.