Pursuant to Regulation 30 of SEBI (LODR) Regulations, 2015, please note that Mr. Raghvendra Raj Mehta vacated his office of Independent Director on attaining the age of 75 years in accordance ....
BALUFORGE · price
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Mr. Raghvendra Raj Mehta has vacated his position as Independent Director of Balu Forge Industries Ltd with effect from May 6, 2026. The cessation was mandatory under SEBI Regulation 17(1A), which requires independent directors to vacate office upon attaining 75 years of age. Mr. Mehta was originally appointed for a five-year term ending June 29, 2026, meaning his tenure concluded approximately six weeks early due to the age cap. The Board has recorded its appreciation for his valuable contribution during his association with the company.
This is a routine compliance-driven departure with no governance concerns. The company will need to appoint a new independent director to maintain board composition as required under SEBI regulations.