Cyient Dlm Limited has informed the Exchange regarding a press release dated May 15, 2025, titled "Dr. Ajay Kumar Steps Down as Independent Director from Cyient DLM Board Following Appointment as UPSC Chairman".
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Cyient DLM announced on May 15, 2025, that Dr. Ajay Kumar has stepped down as Independent Director from the company's Board. The resignation is due to his appointment as Chairman of the Union Public Service Commission (UPSC) by the Hon'ble President of India. Dr. Kumar also relinquished his positions on the Nomination and Remuneration Committee and the Stakeholder Relationship Committee with immediate effect. The company, through its Chairman Krishna Bodanapu, thanked Dr. Kumar for his contributions in defence, strategic planning, and governance during his tenure. No replacement director has been named in this filing.
This is a routine governance change driven by a prestigious government appointment and is unlikely to materially affect the stock price. Investors may note the loss of a director with deep defence and governance expertise, though his exit was expected given the nature of his new role.