ATLASCYCLENSEAtlas Cycles (Haryana) Limited· CyclesMediumNeutral
Announced Thu, 28 May · 18:36 IST

Atlas Cycles (Haryana) Limited has informed the Exchange regarding cessation of Mr. Praveen Kumar as Non- Executive Independent Director of the Company from the close of business hours of today i.e. May 28, 2026., consequent to completion of his tenure as Independent Director.

Management Changes View source PDF

ATLASCYCLE · price

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Price reaction · full curve 14 horizons · vs prior close
-3.8%1-day move
₹101.00
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5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-3.8-2.0-1.5+6.6+1.1-1.6-1.0-2.9
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AI summary

Atlas Cycles (Haryana) Limited has announced that Dr. Praveen Kumar has ceased to be an Independent Director of the Company from the close of business hours on May 28, 2026. The cessation is due to the completion of his tenure as Independent Director. Dr. Praveen Kumar held the DIN 08257044. This disclosure is made under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015. The Company Secretary and Compliance Officer, Rashpal Singh, has filed this intimation with both NSE and BSE. No reason for concern is indicated as this is a routine expiry of tenure.

Likely market impact

This is a routine governance event as the director's tenure has been completed rather than an unexpected departure. Shareholders should note the departure but there is no immediate impact on operations as this follows the expected term completion. Investors may monitor for any subsequent appointment of a new Independent Director.