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), an Independent Director of Gujarat Terce Laboratories Limited, has completed her second five-year term as Independent Director, which expired on 20-08-2025. Her original appointment was approved by shareholders at the 35th Annual General Meeting held on 21st August, 2020. As a result, she has ceased to hold office as an Independent Director with effect from the close of business hours on 20-08-2025, in line with Section 149 of the Companies Act, 2013 and SEBI Listing Regulations. The company has recorded its appreciation for her contributions during her tenure on the board. The filing was signed by Managing Director Aalap Prajapati (DIN: 08088327) on 21-08-2025.
This is a routine, planned end-of-tenure event and not a sudden resignation or governance red flag. Shareholders should expect the board to fill the vacant Independent Director position in due course to comply with minimum board composition requirements, but there is no immediate material impact on operations or stock price.