Completion of 2nd term of 5 consecutive year of Ms. Anita Jain as Independent Director of the Company
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Ms. Anita Jain (DIN: 00031612) has retired as an Independent Director (Woman Director) of HB Portfolio Limited effective end of business on September 20, 2025, upon completing her second consecutive five-year term. Under SEBI rules, an Independent Director can serve a maximum of two consecutive terms of five years each, so this marks the end of her maximum permitted tenure. The company has acknowledged her contributions during her 10 years on the board. No successor has been named in this filing. The disclosure is made under Regulation 30 of the SEBI Listing Regulations.
This is a routine end-of-tenure retirement, not a resignation triggered by any governance or performance issue. The company will need to appoint a new Independent Director within permitted timelines to comply with board composition norms, but the event itself is unlikely to have any material effect on the stock price or shareholder value.