In compliance with the provisions of Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and the Circulars issued by the Ministry of Corporate ....
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Mr. Kanwal Krishan Mehta (DIN: 00036902), Whole-Time Director of Competent Automobiles Co. Ltd, passed away on September 20, 2025. The company has submitted newspaper advertisements published in Business Standard (Hindi and English editions) on September 24, 2025, to inform shareholders about the sad demise, in compliance with SEBI LODR Regulation 30. Consequently, Resolution No. 3 of the 40th AGM Notice (scheduled for September 27, 2025 via VC/OAVM), which proposed the re-appointment of Mr. Mehta as a Director (retiring by rotation), has been withdrawn. The withdrawal does not affect the validity of the AGM Notice, and the numbering of all other proposed resolutions remains unchanged.
The loss of a Whole-Time Director is a negative governance signal that may raise near-term concerns about leadership continuity at this Maruti Suzuki authorised dealer. However, the AGM will proceed as planned with other resolutions intact, so the immediate operational and shareholder-meeting impact appears limited.