CEAT Limited has informed the Exchange regarding Change in Director(s) of the company.
CEATLTD · price
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Awaiting price reaction for this filing.
Mr. Paras K. Chowdhary (DIN: 00076807) has resigned as a Non-Executive Non-Independent Director of CEAT Limited, effective close of business on July 7, 2025. He cited personal exigencies preventing him from dedicating sufficient time to board functions, and confirmed there are no other material reasons for his departure. In his resignation note, he indicated he may be available to rejoin the board in a few months once his personal commitments ease, subject to board and shareholder approval. Consequently, he also stepped down from the Audit Committee and the Nomination & Remuneration Committee. The committees have been reconstituted effective July 8, 2025, with Mr. Milind Sarwate continuing as Audit Committee Chairman and Mr. Anant Goenka taking over as Chairman of the Stakeholders Relationship Committee.
This is a routine non-executive director exit driven by personal time constraints, not a governance red flag, and the board has promptly reconstituted its committees. The possibility of the director returning later suggests continuity, so shareholders are unlikely to see any meaningful stock price impact.