Cartrade Tech Limited has informed the Exchange regarding 'Intimation under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirement) Regulations, 2015 Reconstitution of Audit Committee and Nomination and Remuneration Committee of the CarTrade Tech Limited '.
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CarTrade Tech Limited has reconstituted two key board committees — the Audit Committee and the Nomination & Remuneration Committee — effective May 7, 2025. The Audit Committee will be chaired by Mrs. Kishori Jayendra Udeshi (Independent Director), with Mr. Lakshminarayanan Subramanian, Mr. Steven Douglas Greenfield, and Chairman & Managing Director Mr. Vinay Vinod Sanghi as members. The Nomination & Remuneration Committee will be chaired by Mr. Vivek Gul Asrani (Independent Director), with Mrs. Udeshi, Mr. Greenfield, and Mr. Sanghi as members. All four committees are composed entirely of independent directors and the Managing Director, with no executive directors beyond the MD included.
This is a routine corporate governance update and does not materially affect the company's operations or financials. Shareholders should note that both key committees retain a majority of independent directors, which is positive for governance standards. No immediate stock price impact is expected.