Retirement of Mr. Tapan Ray as a Non-Executive Independent Director of the Company consequent to the completion of his second term as an Independent Director on 8th April 2025
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Mr. Tapan Ray (DIN: 00728682) retired as a Non-Executive Independent Director of CMS Info Systems Limited on April 8, 2025, after completing his second consecutive three-year term, which began on April 9, 2022. The Board expressed gratitude for his contributions during his tenure. The disclosure was made under SEBI Listing Regulations as a change in directorate. The retirement is due to the natural end of his tenure, not resignation or any governance issue.
This is a routine end-of-tenure retirement of one independent director and is unlikely to have any material impact on the company's operations or stock price. Shareholders may want to watch for the appointment of a replacement independent director in due course to maintain board composition requirements.