Intimation of Cessation of Independent Director upon completion of tenure and appointment of Chairman of the Company Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure ....
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Mr. Shrinivas V. Dempo (DIN: 00043413) completed his second consecutive term as Independent Director on September 11, 2025, and consequently stepped down as Chairman and from the Nomination & Remuneration Committee and CSR Committee. The Board has appointed existing Independent Director Mr. Yatin Kakodkar (DIN: 00001433) as the new Non-Executive Chairman effective September 12, 2025. Mr. Kakodkar is a B.Com graduate from Sydenham College, Mumbai, and an MBA from Dartmouth College, USA; he co-founded and has led Goa-based FMCG packaging firm Apex Packing Products for over 27 years. He is confirmed to be independent of any promoters, directors, or key managerial personnel of the company.
This is a routine, planned board-level transition with no disruption to operations. For shareholders, it reflects orderly succession at the Chairman level and continued independent oversight on the board.