Intimation of retirement of Mr. Panduranga Murthy Vistakula as an Independent Director of the Company
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COSYN Limited has informed the BSE that Mr. Panduranga Murthy Vistakula (DIN: 08775477) retired as an Independent Director of the company effective close of business on May 8, 2025. The retirement is due to the company's internal HR policy, as Mr. Vistakula is set to turn 75 years old on May 9, 2025. The intimation has been filed under Regulation 30 of SEBI Listing Regulations. The communication was signed by Managing Director Ravi Vishnu. No reasons other than the age-based policy were cited.
This is a routine, policy-driven retirement of one Independent Director and is unlikely to have any material impact on the company's operations or stock price. Shareholders should watch for any announcement regarding the appointment of a replacement Independent Director to ensure the board composition remains compliant with SEBI requirements on independent directors.