Cessation of Dr. Praveen Kumar as Independent Director consequent to completion of his tenure as Independent Director.
ATLASCYCLE · price
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Atlas Cycles (Haryana) Ltd has announced that Dr. Praveen Kumar (DIN: 08257044) has ceased to be an Independent Director from the close of business on 28th May 2026. The cessation is due to the completion of his tenure as Independent Director, which is a routine, pre-planned event at the end of a fixed term. The company made this disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015. Dr. Praveen Kumar served as Independent Director for a defined period, and his exit marks the natural conclusion of that appointment rather than an early or unexpected departure.
This is a routine governance event with minimal immediate impact on the company's operations or stock. Shareholders should note the board composition change as the company may need to appoint a new Independent Director to maintain the required board structure.