Fineotex Chemical Limited has informed the Exchange about change in Management of Completion of Tenure of Independent Director
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Fineotex Chemical Limited has informed the exchanges that Mr. Navin Bhimsen Mittal (DIN: 03555295) has completed his second consecutive five-year term as an Independent Director of the company. He ceased to hold the position with effect from the close of business hours on September 27, 2025. He also automatically vacated his role as Chairperson/Member of any board committees in the company from the same date. This is a routine regulatory disclosure under SEBI Listing Regulations, and no new appointment has been announced to fill the vacancy. The communication was signed by Sanjay Tibrewala, Executive Director of the company.
This is a routine governance event with no material impact on the stock. Shareholders may want to watch for any forthcoming announcement on the appointment of a new Independent Director to fill the vacancy, as the board will need to maintain the required number of independent directors as per SEBI norms.