Container Corporation Of India Limited has informed the Exchange regarding Cessation of Mr Chesong Bikramsing Terang as Non- Executive Independent Director of the company w.e.f. April 14, 2026.
CONCOR · price
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Container Corporation of India (CONCOR) has announced that two non-official Independent Directors - Shri Chesong Bikramsing Terang and Shri Kedarasish Bapat - have ceased their directorship effective April 14, 2026. The cessation was pursuant to the completion of their tenure as per the appointment order issued by the Ministry of Railways, Government of India. Both directors were appointed from the Ministry's panel. The updated Board now comprises the Chairman & Managing Director, four functional directors, two Part Time Government Directors, and one Part Time Non-Official Director.
This is a routine tenure completion for government-appointed independent directors and does not indicate any governance concern. The stock may see minimal impact as the changes are expected and aligned with CPSE norms. Shareholders should note that CONCOR's board composition will now have reduced independent representation until new independent directors are appointed.