Intimation about -1. Appointment of Mr. Navin Nayar as Additional Director (Category Independent Director) w.e.f 25th June, 2025 and 2. Completion of second term of office of two Independent ....
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Diana Tea Company announced changes to its Board effective June 25, 2025. Mr. Navin Nayar, a Chartered Accountant with over 30 years of experience in audit, taxation, and financial services, has been appointed as an Additional Independent Director for a 5-year term running until June 24, 2030, subject to shareholder approval. At the same time, two sitting Independent Directors — Mr. Harishchandra Parekh Maneklal and Mr. Gautam Bhalla — will step down from the Board upon completing their second consecutive term, in line with Section 149(10) of the Companies Act, 2013. Mr. Nayar currently serves as an Independent Director on boards of companies such as Jupiter Wagons Ltd, Stone India Ltd, Kilburn Engineering Ltd, and Bengal Tea & Fabrics Ltd. The Board committees have been re-constituted following these changes, and updated details are available on the company's website.
This is a routine, regulation-driven Board rotation for a small-cap tea company and is unlikely to materially affect stock price or operations. The incoming director brings financial and audit expertise, which should support governance continuity on the Board and its committees.