IFCI Limited has informed the Exchange regarding Cessation of Shri Surendra Behera as Non- Executive Non Independent Director of the company w.e.f. August 19, 2025.
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IFCI Limited has informed the stock exchanges that Shri Surendra Behera (DIN 09784122) has resigned as a Non-Executive Non-Independent Director on the company's board, effective August 19, 2025. He cited personal reasons for stepping down. As per his resignation email, he was serving as a Nominee Director representing LIC of India. The company has confirmed he has ceased to be a director with immediate effect. The filing was made under SEBI Listing Regulations, and the signed resignation email is attached as an annexure.
This is a routine board change involving a nominee director from LIC of India stepping down for personal reasons. It is unlikely to have any material impact on the company's operations, financials, or stock price, as the vacancy will likely be filled by another LIC nominee.