Pursuant to Regulation 30 of the SEBI LODR Regulations, 2015, we wish to inform you that the Board of Directors at their duly convened meeting held on June 11, 2025, considered, noted, ....
BAYERCROP · price
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Bayer CropScience's Board, at its meeting on June 11, 2025, approved the completion of Mr. Sekhar Natarajan's first term as Independent Director, effective close of business on August 6, 2025. Mr. Natarajan has decided not to seek reappointment for a second term and will also step down as Chairman of the Audit Committee and member of the Nomination & Remuneration and Risk Management Committees. In his place, the Board appointed Mr. Sanjiv Rangrass as Additional Independent Director for five years (August 1, 2025 to July 31, 2030), subject to shareholder approval at the 67th AGM. Mr. Rangrass is a former Group Head (R&D, Sustainability and Projects) and CEO of Agri-Business at ITC Ltd, with over four decades of industry experience, and is currently an Independent Director at Zetwerk. The changes are part of a routine board refresh with no governance concerns flagged in the filing.
This is a routine board succession with no disruption expected. Shareholders will vote on the new appointment at the upcoming AGM, and the audit committee will need a new chairman, which is a detail to watch but not a red flag.