Intimation of sad demise of Mr. Dhanendra Kumar, Independent Director of the Company and cessation w.e.f. May 28, 2026.
INDORAMA · price
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Mr. Dhanendra Kumar, Independent Director of Indo Rama Synthetics (India) Limited, passed away on Thursday, 28 May 2026. He ceased to be a Director on the Board and all Committee(s) from that date. The company expressed that this unexpected demise will be an irreparable loss to the company. The disclosure was made to the stock exchanges on 29 May 2026, the day after the company received information about his demise through newspaper and public media. This leaves a vacancy on the board's composition of Independent Directors.
The loss of an Independent Director reduces board independence and may require the company to appoint a new Independent Director to comply with SEBI LODR requirements. This creates governance-related uncertainty until the vacancy is filled.