Centrum Capital Limited has informed the Exchange regarding Cessation of Mr Subhash Kutte as Non- Executive Independent Director of the company w.e.f. July 06, 2025.
CENTRUM · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Mr. Subhash Kutte's term as an Independent Director on the Centrum Capital board ended on July 5, 2025. Instead of stepping away, the Board has appointed him as an Additional Director in a Non-Executive, Non-Independent capacity effective July 6, 2025. Mr. Kutte is a veteran banker with four decades of experience, having served as MD & CEO and later non-executive Chairman of RBL Bank (formerly Ratnakar Bank), retiring as Chairman in 2014. He holds a bachelor's degree in commerce, is not related to any other director on the board, and is not debarred from holding office by SEBI or any other authority.
This is a routine change in board designation rather than a departure — Mr. Kutte stays on the board but loses his independent status, which reduces the count of independent directors by one. Shareholders should watch for any disclosure on how the company plans to fill the independent director vacancy to stay compliant with SEBI board composition rules.