Deepak Nitrite Limited has informed the Exchange regarding Cessation of Shri Sanjay Asher as Independent Director of the company w.e.f. Jun 28, 2025.
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Deepak Nitrite Limited informed the stock exchanges that two Independent Directors, Shri Sanjay Asher (DIN: 00008221) and Smt. Purvi Sheth (DIN: 06449636), ceased to be on the board with effect from June 28, 2025, after completing their second term as Independent Directors. This is a routine end of tenure and not a resignation or governance issue. Simultaneously, three new Independent Directors — Dr. Arvind Nath Agrawal, Shri Mahesh Chhabria, and Ms. Bhumika Batra — whose appointments were announced earlier (April 9, 2025 and May 26, 2025) became effective from the same date. The company confirmed that the board continues to comply with SEBI Listing Regulations.
This is a planned board refresh with seamless continuity — outgoing directors completed their full tenure, and replacements were pre-identified and appointed on the same day, so the board remains compliant and fully constituted. No negative signal for shareholders; expect minimal to no stock price impact.