Fertilizers and Chemicals Travancore Limited has informed the Exchange regarding Change in Director(s) of the company.
FACT · price
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Awaiting price reaction for this filing.
The Government of India has appointed Shri Santosh Kumar, Chief Controller of Accounts in the Department of Fertilizers, as a Government Nominee Director on the board of FACT. He replaces Dr. Tina Soni, Joint Secretary in the Department of Fertilizers, who vacates the position. The appointment is for a period of three years, or until Shri Santosh Kumar's superannuation, or until further orders, whichever is earliest. Both outgoing and incoming directors are government officials, making this a routine bureaucratic reshuffle in the PSU's board composition.
No material impact on shareholders or stock price — this is a routine change of a government nominee director seat in a central PSU, with no change in management control or strategic direction.