The second term of Mrs. Chhayaben Shah has expired on 20-08-2025 upon completion of tenure.
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Mrs. Chhayaben Shah (DIN: 01435892) has ceased to be an Independent Director of Gujarat Terce Laboratories Limited with effect from the close of business hours on 20-08-2025. Her second term, originally approved by shareholders at the 35th Annual General Meeting held on 21st August 2020, came to a natural end after completing the full five-year tenure. The vacancy has arisen automatically under Section 149 of the Companies Act, 2013 and SEBI Listing Regulations. The Board has recorded its appreciation for her contributions during her tenure.
This is a routine, pre-scheduled end of tenure for an Independent Director and not an unexpected exit, so it is unlikely to have any material impact on the company's operations or stock price. Shareholders may want to watch for a subsequent announcement regarding the appointment of a replacement Independent Director to fill the vacancy.