Indiamart Intermesh Limited has informed the Exchange regarding completion of second tenure of Mr Rajesh Sawhney as Non- Executive Independent Director of the company w.e.f. closing of business hours on September 22, 2025.
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Indiamart Intermesh has informed the stock exchanges that Mr Rajesh Sawhney's second term as Non-Executive Independent Director has ended with effect from the close of business hours on September 22, 2025. This marks the natural conclusion of his re-appointed tenure rather than a sudden exit. Under SEBI rules, independent directors cannot serve more than two consecutive five-year terms on the same board, so this completion is in line with regulatory norms. The company has not announced his replacement in this filing.
This is a routine, regulation-driven end of tenure and is unlikely to have a material impact on the stock price. Shareholders should watch for a separate announcement on whether a new independent director will be appointed to fill the vacancy.