Intimation under regulation 30 of SEBI (LODR) Regulations 2015: Completion of tenure of independent directors and appointment of new independent directors
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Chadha Papers Ltd has announced board changes effective July 14, 2025. Two independent directors, Mr. Naveen Saxena and Mr. Anand Sharma, have completed their tenure after serving two consecutive 5-year terms each. In their place, the company has appointed Mr. Iqbal Singh (DIN: 00029327) and Mr. Suresh Chandra Dhani (DIN: 01139136) as new Non-Executive Independent Directors for a first term of five years, subject to shareholder approval. The new directors bring experience in marketing management, consumer research, strategic planning, and business operations. Board committees including the Audit Committee, Nomination and Remuneration Committee, Stakeholders' Relationship Committee, and CSR Committee have been reconstituted with the new directors. Both new appointees have confirmed they are not debarred by any SEBI or regulatory order.
This is a routine board refresh following the mandatory 10-year cap on independent director tenure under SEBI rules. No governance red flags were raised, and the transitions are orderly, so the stock price is unlikely to react materially.