Centum Electronics Limited has informed the Exchange regarding 'Cessation of Independent Directors, Mr. Manoj Nagrath (01974412) and Mr. Rajiv C Mody (DIN: 00092037) pursuant to Completion of Tenure'.
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Centum Electronics has informed the stock exchanges that two Independent Directors, Mr. Manoj Nagrath (DIN: 01974412) and Mr. Rajiv C Mody (DIN: 00092037), will step down from the Board effective close of business hours on August 6, 2025. Both are completing their second and final term as Independent Directors under the Companies Act, 2013 and SEBI Listing Regulations. The Board has recorded its appreciation for their contributions during their tenure. No reasons of disagreement or controversy have been mentioned, indicating this is a routine, regulatory end-of-tenure event.
This is a routine transition with no negative governance signal, as both directors are exiting upon natural completion of their maximum permitted tenure. Shareholders should expect the company to appoint new Independent Directors in due course to maintain statutory board composition. Short-term stock impact is unlikely to be material.