Donear Industries Limited has informed the Exchange regarding Corrigendum of Outcome of Board meeting being the tenure completion of Independent Director.
DONEAR · price
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Donear Industries has filed a corrigendum to its September 26, 2025 board meeting outcome, informing that Mrs. Medha Pattanayak (DIN: 07157952) completed her second five-year term as an Independent Director and ceased to hold that position with effect from September 25, 2025. The Board recorded its appreciation for her contribution during her tenure. The original September 26 outcome related to the appointment of a Company Secretary and Compliance Officer; this corrigendum only adds the information about the independent director's tenure completion. All other details from the earlier filing remain unchanged.
This is a routine governance event with no negative implications for shareholders. Independent directors are required to step down after two consecutive five-year terms under SEBI rules, so this cessation is regulatory and expected. No material impact on operations or stock price is anticipated.