BSELongview Tea Company LtdMediumNegative
Announced Sat, 29 Nov · 17:56 IST

Cessation of Ms. Navpreet Kaur and Mr. Kuldeep Singh Rathore as Non Executive Independent Directors

Multiple Ind Directors ResignedDirector Flagged GovernanceManagement Changes View source PDF
Price reaction · full curve

Awaiting price reaction for this filing.

AI summary

Longview Tea Company has informed the BSE that two Non-Executive Independent Directors — Ms. Navpreet Kaur and Mr. Kuldeep Singh Rathore — have ceased to be directors of the company with effect from 28 November 2025. The reason is that the ordinary resolutions seeking their appointment for three-year terms failed to get the required majority from shareholders at the 146th Annual General Meeting held on 28.11.2025. As a result, both directors automatically stepped down from the board at the conclusion of the AGM. The company has confirmed this disclosure under SEBI Listing Regulations and provided the required cessation details in Annexure A.

Likely market impact

This is a notable governance red flag — shareholders actively blocked the reappointment of both independent directors, which could raise concerns about board independence and create short-term uncertainty around board composition. The stock may see mild negative sentiment, and shareholders should watch for the company's next steps to reconstitute the board with suitable independent directors.