Announced Sat, 20 Jun · 10:16 IST
FACT: Independent Director M. Chandran ceases on term completion
Management Changes View source PDF
FACT · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
+1.5%1-day move
₹881.75
prior close
₹891.90
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-1.2-1.4-0.7-0.3+1.5+1.7+0.8-1.1-0.9-0.6-4.5-7.7——
Up moveDown movePending
AI summary
Mr M. Chandran, Non-Official Independent Director of Fertilizers and Chemicals Travancore Limited (FACT), ceased to be a director effective June 20, 2026, on completion of his three-year term. He also stepped down as Chairman of the Audit, Nomination and Remuneration, Risk Management, Stakeholders Relationship and CSR Committees. No reason beyond routine tenure completion was disclosed.
Likely market impact
Routine PSU board change on completion of a 3-year term. No governance concerns flagged. The vacant independent director seat will need to be filled.