Intimation of Completion of Term of Mr. Santosh Parab (DIN: 01622988) as an Independent Director of the Company.
BLISSGVS · price
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Mr. Santosh Parab has completed his second and final term as an Independent Director of Bliss GVS Pharma Ltd. He served two consecutive 5-year terms (from May 26, 2021 to May 25, 2026) on the board. With this completion, he has ceased to be a Director and member of all Committees of the Company effective close of business hours on May 25, 2026. The Company has expressed gratitude for his valuable contribution during his tenure. This is a routine governance event as Independent Directors are permitted a maximum tenure of two terms under the Companies Act.
This is a standard term completion for an Independent Director reaching the maximum permitted tenure. No immediate impact on operations is expected, but shareholders should note the change in board composition.