Completion of terms of Independent Directors
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Three Independent Directors of Fervent Synergies Ltd — Ms. Falguni Mehta (DIN: 01612198), Mr. Nitin Parikh (DIN: 00717297) and Mr. Rajesh Maheshwari (DIN: 02375795) — have completed their second term as Independent Directors and ceased to hold office with effect from the end of business hours on March 31, 2026. The company has placed on record its appreciation for their contributions during their tenure. The disclosure has been made under Regulation 30 of the SEBI LODR Regulations, and details of the cessation have been provided in the prescribed format. The company has not yet announced any new appointments to replace them.
The simultaneous exit of all three Independent Directors means the company will need to appoint new Independent Directors promptly to maintain SEBI's requirement that at least one-third of the board comprise Independent Directors. Until replacements are made, the board may not have the required quorum for committees like Audit and Nomination & Remuneration, which could affect compliance and decision-making in the short term. Shareholders should watch for follow-up announcements regarding new Independent Director appointments.