DLF Limited has informed the Exchange regarding Cessation of Mr A.S. Minocha as Independent Director of the company w.e.f. May 19, 2025 (close of business hours).
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DLF Limited informed the exchanges that Mr. A.S. Minocha has ceased to be an Independent Director from May 19, 2025, after completing his second 5-year term. To fill the vacancy, the Board appointed Ms. Vinati Kastia Kilambi, a Senior Partner at AZB & Partners with nearly three decades of legal and governance experience, as a new Independent Director for a 5-year term, subject to shareholder approval. Additionally, PricewaterhouseCoopers Services LLP was appointed as Internal Auditor for FY 2025-26, and Makarand M. Joshi & Co. was appointed as Secretarial Auditor for a 5-year period from FY 2025-26 to FY 2029-30. The Board confirmed its composition remains compliant with SEBI Listing Regulations.
This is a routine governance update with no negative implications — the outgoing director completed his full tenure, and the replacements are qualified, reputable professionals. Shareholders are unlikely to see any material impact on the stock price or company operations.