Deepak Nitrite Limited has informed the Exchange regarding Cessation of Smt. Purvi Sheth as Independent Director of the company w.e.f. Jun 28, 2025.
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Deepak Nitrite has informed the exchange that two Independent Directors — Shri Sanjay Asher (DIN:00008221) and Smt. Purvi Sheth (DIN:06449636) — have ceased to be on the board effective June 28, 2025, after completing their second term as Independent Directors. On the same date, three new Independent Directors — Dr. Arvind Nath Agrawal, Shri Mahesh Chhabria, and Ms. Bhumika Batra — have taken office, replacing them. The company confirms that the board continues to meet SEBI Listing Regulations requirements, with no governance gap. The departure is a planned end-of-term event rather than a mid-term resignation.
This is an orderly, pre-scheduled board transition with replacements already appointed, so it is unlikely to affect the stock price or shareholder interests. The continuity of independent oversight on the board is preserved.