Hindustan Media Ventures Limited has informed the Exchange regarding Cessation of Shri Mukesh Aghi and Ms. Savitri Kunadi as Independent Directors of the company w.e.f. March 31, 2025.
HMVL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Hindustan Media Ventures Limited has informed the stock exchange that two Independent Directors, Shri Mukesh Aghi and Ms. Savitri Kunadi, have ceased to hold their positions on the board with effect from March 31, 2025. The company has not indicated the reason for their departure in this filing. No replacement appointments have been announced in this notice. The change reduces the number of Independent Directors on the board and may require the company to reconstitute its board committees accordingly.
Investors should watch for any follow-up announcements regarding new independent director appointments, as board composition changes can affect governance ratings. The immediate impact on stock price is likely limited unless departures are linked to governance concerns.