Disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulation, 2015 - Cessation of Mr Vimal Chand Kothari as Independent Director
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Mr Vimal Chand Kothari (DIN: 00056003) has ceased to be an Independent Director of Hardcastle & Waud Manufacturing Company Limited with effect from 21 September 2025. His first term of appointment ended by efflux of time on that date, and he declined to serve a second term citing age-related reasons. The director has confirmed there are no other material reasons behind his decision. No replacement or succession details have been disclosed in this filing.
This is a routine, planned exit of an independent director at the end of his tenure due to age, with no governance concerns flagged. Shareholders may watch for timely appointment of a new independent director to maintain board composition requirements, but the event itself is unlikely to materially affect the stock price.