Authum Investment & Infrastructure Limited has informed the Exchange regarding Cessation of Mrs. Bhaviika Jain as Non- Executive Independent Director of the company w.e.f. May 30, 2025.
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Authum Investment & Infrastructure Limited has informed the stock exchanges that Mrs. Bhaviika Jain will cease to hold the position of Non-Executive Independent Director of the company with effect from May 30, 2025. No reason for the cessation has been disclosed in the filing. The announcement is a routine board-level disclosure required under SEBI Listing Regulations regarding changes in director composition. No other board changes have been mentioned alongside this cessation in the current filing.
Cessation of a single Non-Executive Independent Director is generally a routine governance disclosure and is unlikely to have a material impact on stock price or shareholder value, unless it leads to non-compliance with minimum independent director requirements on the board.