Intimation regarding cessation of Mr. Navinchandra Patel (DIN: 08702502) from the post of Independent Director of the Company w.e.f. 19th May, 2025.
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Mr. Navinchandra Patel (DIN: 08702502) has ceased to be an Independent Director of Gujarat Terce Laboratories Ltd with effect from the close of business hours on 19th May 2025. The reason given is the completion of his second term as Independent Director, meaning this is a scheduled end of tenure rather than a sudden departure. The Board has recorded its appreciation for his contributions, guidance and services during his tenure. The company has disclosed this under SEBI Listing Regulations and provided the prescribed Annexure-A details to the stock exchange.
This is a routine, scheduled event as the director's second term has come to a natural end, so it is unlikely to have any material impact on the stock price. The company will need to fill this Independent Director vacancy to maintain the required board composition under SEBI rules.