Resignation letter received from Non-executive Independent Director Mr. Gheverchand M. Bothara upon completion of 2 Consecutive term of 5 years on board as a Independent Director of the Company
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Apt Packaging Ltd has informed BSE that Mr. Gheverchand M. Bothara (DIN: 01616919), a Non-executive Independent Director, has stepped down from the board effective 1st October 2025. The resignation is purely on account of completing two consecutive terms of five years each, as prescribed under the Companies Act, 2013, which caps an independent director's tenure at 10 years. Mr. Bothara, a Chartered Accountant, confirmed there are no other material reasons for his exit. The company has not announced a replacement in this filing. The intimation was filed under Regulation 30 of SEBI LODR Regulations.
This is a routine, regulatory-driven change and not an unexpected exit, so it is unlikely to materially affect the stock price. Shareholders may, however, watch for the appointment of a new Independent Director to ensure the board continues to meet statutory composition requirements.