Announced Sat, 30 May · 10:43 IST

Intimation under Regulation 30 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015- Retirement of Independent Director, Mr Sunil ....

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Price reaction · full curve 14 horizons · vs prior close
-0.6%1-day move
₹777.90
prior close
base price
After-mkt
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5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-0.6-0.6+3.7+2.8+0.3+1.5+10.6+4.6
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AI summary

Mr Sunil Kantilal Trivedi has retired as Independent Director of the company after completing his second term of 5 years, which ended on 29th May 2026. The retirement was due to natural expiration of his term (efflux of time), not due to any resignation or dispute. The company has publicly appreciated his contribution during his tenure spanning multiple terms. The disclosure was made under SEBI's Regulation 30 of the LODR Regulations, 2015. The Company Secretary, Smita Achrekar, signed the disclosure on 30th May 2026.

Likely market impact

This is a routine, planned retirement at the end of a fixed term and carries no negative implications for shareholders. The stock is unlikely to be impacted as the exit was expected and not due to governance concerns.