Intimation regarding Completion of Tenure of Independent Director of the Company
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Gallops Enterprise Ltd has announced that Mr. Bhanubhai Ambalal Patel has completed his second term as an Independent Director on March 31, 2026. He ceased to hold the position effective close of business hours on that date. This is a natural tenure completion under SEBI regulations, which mandate a maximum two terms of five years each for independent directors. The company filed this intimation under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, with Annexure I providing standard disclosure details. The Managing Director, Mr. Balram Bharatbhai Padhiyar, signed the filing dated April 29, 2026.
This is a routine governance event and does not indicate any governance concern or operational issue. Shareholders should note that the board will need to appoint a new Independent Director to maintain compliance with SEBI's requirement for adequate independent representation on the board.