The tenure of Mrs. Deena A. Mehta as Managing Director of the Asit C. Mehta Investment Interrmediates (ACMIIL), a Subsidiary Company, has completed w.e.f. March 31, 2025. However Mrs. Deena ....
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Mrs. Deena A. Mehta (DIN: 00168992) has stepped down as Managing Director of Asit C. Mehta Investment Interrmediates Ltd (ACMIIL), a material subsidiary of the company, with effect from the close of business on March 31, 2025, on completion of her tenure. She will, however, continue to serve as a Director on the board of ACMIIL. The reason for the change has been recorded as 'Completion of Tenure/Term' rather than resignation. The disclosure was made to BSE on April 1, 2025 under Regulation 30 of the SEBI Listing Regulations.
This is a routine leadership transition at the subsidiary level with no disruption, as Mrs. Mehta continues in a non-executive Director role. It is unlikely to have a meaningful impact on the parent company's stock price or shareholder value.