Kindly take on your record the enclosed disclosure for cessation of Independent Director, Mr. Sanjay V. Chinai, due to expiry of second term of 5 years w.e.f. 14th October, 2025. On ....
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Mr. Sanjay V. Chinai ceased to be an Independent Director of Garware Marine Industries Ltd after completing his second 5-year term on October 14, 2025. The disclosure was filed with BSE on November 6, 2025 under SEBI Listing Regulations. The company notes that Mr. Amir J. Pradhan was already appointed as a Non-Executive/Independent Director effective August 12, 2024, and his appointment was approved by members at the 47th AGM on September 25, 2025. The Board continues to comprise six directors, including three Independent Directors, maintaining compliance with board composition requirements.
This is a routine, pre-scheduled tenure completion rather than a sudden resignation, and the board has already filled the position, so there is no disruption to governance or any negative implication for shareholders.