Davangere Sugar Company Limited has informed the Exchange regarding Cessation of Mr Thappagondanahally Rajashekarappa as Non- Executive Independent Director of the company w.e.f. July 16, 2025.
DAVANGERE · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Davangere Sugar Company has informed the exchanges that Mr. Thappagondanahally Rajashekarappa (DIN: 08794960) ceased to be an Independent Director effective July 16, 2025, upon completion of his 5-year term, and he has chosen not to seek re-appointment. He also stepped down from his positions on the Audit Committee, Nomination & Remuneration Committee, and as Chairman of the CSR Committee. In his place, the Board appointed Mr. Achal Kapoor (DIN: 09150394) as a Non-Executive Independent Director for a fresh 5-year term (July 16, 2025 to July 16, 2030), subject to shareholder approval at the next AGM. Mr. Kapoor is a qualified Company Secretary (ICSI) with over 10 years of experience in corporate law, securities law, SEBI compliances, finance, accounts, and taxation. The Audit Committee, Nomination & Remuneration Committee, and CSR Committee have all been reconstituted with the new director in place.
This is a routine, like-for-like change in the independent director seat triggered by the natural completion of a tenure, with a qualified replacement already appointed. It is unlikely to have any material effect on the company's operations or the stock price.