CEAT Limited has informed the Exchange regarding Resignation of Mr. Paras K. Chowdhary as Non- Executive Director of the company w.e.f. July 08, 2025.
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Mr. Paras K. Chowdhary (DIN: 00076807) has resigned as a Non-Executive, Non-Independent Director of CEAT Limited, effective from the close of business hours on July 7, 2025. He has also stepped down as a member of the Audit Committee and the Nomination & Remuneration Committee. The reason cited is personal exigencies that prevent him from dedicating sufficient time to his board functions; he confirmed there are no other material reasons for his resignation. Notably, in his resignation email, Mr. Chowdhary indicated he may be available to rejoin the board in a few months once his personal commitments ease, subject to Board and shareholder approval. The Board has immediately reconstituted the Audit Committee (now chaired by Mr. Milind Sarwate with Ms. Sukanya Kripalu and Mr. Anant Goenka as members) and the Stakeholders Relationship Committee (now chaired by Mr. Anant Goenka).
The change is unlikely to materially affect shareholders as committees have been promptly reconstituted and the reason is personal, not governance-related. The possibility of Mr. Chowdhary's return suggests the exit is temporary, so long-term board continuity is largely preserved with minimal disruption to stock sentiment.