Garden Reach Shipbuilders & Engineers Limited has informed the Exchange regarding Cessation of Mr Sanjeeb Mohanty as Non- Executive Independent Director of the company w.e.f. April 06, 2025.
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Garden Reach Shipbuilders & Engineers Limited (GRSE) has informed the exchanges that Shri Sanjeeb Mohanty ceased to be a Part-Time Non-Official (Independent) Director of the company with effect from 06 April 2025. He was originally appointed on 06 April 2022 by the Ministry of Defence for a three-year term, which concluded on 05 April 2025. The disclosure has been made under Regulation 30 of SEBI's LODR Regulations, 2015. There is no indication of any controversy, dispute, or governance concern — this appears to be a routine completion of his tenure.
This is a routine, end-of-tenure change and is unlikely to have any material impact on the stock price or shareholders. The board composition may see a vacancy for an Independent Director, which the government is expected to fill in due course.