Intimation for cessation of Ms. Pheroza Jimmy Bilimoria as an Independent Director of the Company is attached.
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Cravatex Ltd has informed the stock exchanges that Ms. Pheroza Jimmy Bilimoria (DIN 00191386) has ceased to be an Independent Director of the company with effect from the close of business on 13th August 2025. The cessation is because her second term as an Independent Director came to an end on that date. The disclosure has been made under Regulation 30 of the SEBI Listing Regulations. No reasons of resignation, removal, or death are mentioned — this appears to be a routine end-of-tenure event.
This is a routine, regulatory-mandated disclosure and is unlikely to have any material impact on the company's operations or stock price. Shareholders should note that the board will have one fewer Independent Director going forward, and the company may need to fill the vacancy in due course to comply with board composition norms.