Noting of Completion of Tenure of Mr. Om parkash Singal from the office of Independent Director of the Company and Appointment of Mr. Ketan Chokshi as an Additional Director - Independent ....
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The board noted the end of Mr. Om Parkash Singal's tenure as Independent Director after completing two consecutive 5-year terms, with his cessation effective May 8, 2025. Mr. Ketan Chokshi, a Fellow Chartered Accountant and law graduate with over two decades of experience in corporate strategy, M&A, and financial restructuring, was appointed as Additional Independent Director for a 5-year term starting May 9, 2025, subject to shareholder approval. Separately, Company Secretary and Compliance Officer Ms. Pooja Ponda resigned due to personal reasons, with her last working day set as May 31, 2025. The board also reconstituted the Audit, Nomination & Remuneration, and Stakeholders Relationship Committees effective May 9, 2025.
This is a routine governance reshuffle — one independent director's term ended naturally and was replaced by a qualified finance professional, while the company secretary's departure is for personal reasons with no material concerns flagged. Shareholders should expect minimal stock price impact; the key watchpoint is whether a permanent replacement for the Company Secretary is announced before May 31.