Cessation of Mr. Haresh Kothari (05140850)as an Independent Director of the Company due to completion of tenure.
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Mr. Haresh Padamshi Kothari (DIN: 05140850) has stepped down as Independent Director of Axel Polymers Ltd effective end of business on 18th August 2025, after completing his second and final term. Along with his directorship, he also ceased to be a member of the Audit Committee, Nomination & Remuneration Committee, and Stakeholders' Relationship Committee. The company thanked him for his contributions during his tenure. This is a routine regulatory filing under SEBI LODR Regulation 30, as independent directors cannot serve more than two consecutive terms.
This is a routine, non-event departure driven by regulatory tenure limits rather than any governance issue. Shareholders should expect the board to appoint a new Independent Director in due course to maintain statutory committee composition. No material impact on stock price or operations is anticipated.