Intimation pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015 - Cessation of Independent Director upon completion of tenure
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Automobile Corporation of Goa Ltd has informed the stock exchanges that Mr. Nagesh Pinge (DIN: 00062900) ceased to be an Independent Director of the company effective January 21, 2026, upon completion of his term of appointment. Along with his directorship, he also stepped down as Chairperson of the Audit Committee and Corporate Investment Committee, and as a Member of the Risk Management Committee and Capital Investment Committee. The company has filed the required disclosure under SEBI Listing Regulations with details in Annexure-A. This is a routine, planned end of tenure and not a resignation or removal.
This is a routine governance event with no negative implications. Investors should watch for the appointment of a new Independent Director to fill the vacancy, particularly the Audit Committee chairperson role, which is a key governance requirement under SEBI rules. No material impact on the stock is expected from this announcement.