Centrum Capital Limited has informed the Exchange about change in Management
CENTRUM · price
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Centrum Capital Limited informed the exchanges that the term of Mr. Subhash Kutte as an Independent Director ended on July 05, 2025. The Board, at its meeting held on May 16, 2025, approved his appointment as an Additional Director in a Non-Executive, Non-Independent capacity, effective July 06, 2025. Mr. Kutte is a veteran banker with four decades of experience, having joined Ratnakar Bank in 1980 and retired as Chairman of RBL Bank in 2014. He is not related to any existing director on the board and is not debarred by SEBI from holding a directorship.
This is a seamless transition for the same individual — Mr. Kutte remains on the board but in a different capacity, so there is no disruption to board continuity. However, losing one Independent Director reduces the count of independent oversight on the board, which investors may want to monitor against the minimum independent director requirements.