Garware Technical Fibres Limited has informed the Exchange regarding Cessation of Ms Mallika Sagar as Non- Executive Independent Director of the company w.e.f. August 28, 2025.
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Ms. Mallika Sagar (DIN 02228386) has ceased to be a Non-Executive Independent Director of Garware Technical Fibres Limited with effect from the close of business hours on August 27, 2025. The cessation is due to the completion of her second consecutive term of five years, which is the maximum permitted under SEBI regulations for independent directors. The company has filed the required disclosure under Regulation 30 of the SEBI Listing Regulations. No reasons beyond the end of her tenure have been indicated, and no successor appointment has been announced in this filing.
This is a routine, expected change as Ms. Sagar had already served two full five-year terms as an independent director and was not eligible for re-appointment under SEBI rules. The exit is unlikely to have any material impact on the stock price, though investors may watch for the appointment of a replacement independent director to maintain board composition requirements.