CARYSIL LIMITED has informed the Exchange regarding Cessation of Mrs. Sonal Ambani as Non- Executive Independent Director of the company w.e.f. March 31, 2026 due to Completion of her Second Term.
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Carysil Limited has informed the stock exchanges that Dr. Sonal Ambani will cease to be a Non-Executive Independent Director of the company with effect from the close of business hours on March 31, 2026. The reason is the completion of her second and final consecutive term as an Independent Director, in line with the Companies Act, 2013 and SEBI Listing Regulations, which cap an independent director's tenure at two consecutive terms. She also steps down from five board committees — Audit, Nomination and Remuneration, Stakeholders Relationship, Corporate Social Responsibility, and Finance and Budget — where she served as a member. The Board has placed on record its appreciation for her guidance and contributions during her tenure.
This is a routine, planned exit with no governance concerns — shareholders should view it as a normal regulatory event. The company will need to fill the independent director vacancy in due course to maintain board composition requirements, but there is no negative implication for the stock.