Intimation under regulation 30 of SEBI(LODR) 2015 - Cessation of independent directors due to completion of tenure
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On July 14, 2025, the Board of Chadha Papers Ltd noted the cessation of two Non-Executive Independent Directors — Mr. Naveen Saxena and Mr. Anand Sharma — after each completed two consecutive 5-year terms. In their place, Mr. Iqbal Singh (DIN: 00029327) and Mr. Suresh Chandra Dhani (DIN: 01139136) have been appointed as Additional Non-Executive Independent Directors for a first term of 5 years (July 14, 2025 to July 13, 2030), subject to shareholder approval. Both new appointees bring experience in marketing, strategy, finance, and operations and are not debarred by any regulator. The Board also reconstituted key committees (Nomination & Remuneration, Audit, Stakeholders' Relationship, and CSR) with the new directors chairing three of the four committees.
This is a routine governance change with no material impact on operations or shareholding. Two new independent directors with diverse professional backgrounds have been inducted, which is generally viewed as positive for board renewal, though continuity of oversight may be monitored.