Pursuant to Regulation 30 read with part A of SEBI LODR, 2015, we wish to inform of the following change in composition of Board of Directors: Electronics Corporation of Tamilnadu has ....
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Elnet Technologies has informed BSE that Electronics Corporation of TamilNadu Limited has withdrawn the nomination of Mr. Venkatesan Kumaresan (DIN: 10646507) as Non-Executive Director from the company's board. The effective date of cessation is October 10, 2025. This is not a personal resignation by the director but a withdrawal of nomination by the appointing authority, which will nominate a replacement director. The proposal for the new director's appointment will be placed before the Nomination & Remuneration Committee and the Board in due course. The intimation was filed within 24 hours of receiving the letter from the appointing authority, as required under SEBI LODR regulations.
This is a routine change of an institutional nominee on the board, not a voluntary exit by the director. Since Electronics Corporation of TamilNadu will nominate a replacement, there is no governance vacuum or disruption expected. Likely a neutral event for shareholders with no material impact on stock price.