Coral India Finance & Housing Limited has informed the Exchange regarding Change in Director(s) of the company.
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Coral India Finance & Housing Limited has informed the exchanges that its Board of Directors, at a meeting held on June 23, 2025, approved the re-appointment of Mr. Niraj Mehta (DIN: 02667671) as an Independent Director for a second term of 5 years, effective July 17, 2025, subject to shareholder approval. Mr. Mehta, who was first appointed on July 17, 2020, has over 15 years of experience across management, marketing, finance, and investment strategy in sectors like chemicals, agriculture, power, packaging, and construction. He holds a Bachelor's degree in Law and a Master's in Management (Finance). The company confirmed he has not been debarred by SEBI, is not related to any director or KMP, and meets independence criteria under the Companies Act and SEBI LODR.
This is a routine governance announcement with no material impact on shareholders. Continuity of an experienced independent director supports board stability and corporate governance, but it does not change the company's financial position or operations.