COSMO FIRST LIMITED has informed the Exchange about change in Management
COSMOFIRST · price
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Mr. Hoshang Noshirwan Sinor (DIN: 00074905) has retired as an Independent Director of Cosmo First Limited effective May 21, 2025, after completing his second consecutive term (the maximum allowed under SEBI rules for independent directors). To ensure continuity, the Board had earlier (February 11, 2025) and shareholders (March 26, 2025) approved his re-appointment as a Non-Executive Non-Independent Director effective May 22, 2025, where he will be liable to retire by rotation. This is a planned, regulatory-mandated transition rather than a sudden exit.
No material negative impact for shareholders — the change is procedural and driven by SEBI's cap on consecutive independent-director terms. Board continuity is preserved since the same person continues on the board in a non-executive, non-independent capacity.