Century Plyboards (India) Limited has informed the Exchange regarding Cessation of Mr Sunil Mitra as Non- Executive Independent Director of the company w.e.f. August 01, 2025.
CENTURYPLY · price
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Century Plyboards has informed the exchanges that two Independent Directors — Shri Sunil Mitra and Shri Debanjan Mandal — will cease to be on the Board effective August 1, 2025, as their second (and final) term as Independent Directors completes on July 31, 2025. The NSE headline only mentions Mr. Mitra, but the full filing confirms both directors are exiting simultaneously. The reason cited is 'Completion of tenure' — a routine, non-controversial end to their permitted two consecutive terms under the Companies Act. No replacement appointments have been announced in this filing. The company has complied with SEBI LODR disclosure requirements for changes in directorship.
This is a routine governance event with no negative implications — both directors served their full allowed tenure. Shareholders should watch for upcoming announcements regarding new Independent Director appointments to fill the two board vacancies, as a fully constituted board with adequate independent directors is required for audit and governance committees.