Indraprastha Medical Corporation Limited has informed the Exchange regarding Change in Director(s) of the company.

INDRAMEDCO · price

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₹371.90

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₹399.90

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AI summary

Mr. Vinayak Chatterjee has completed his second term of five consecutive years as Independent Director on the Board of Indraprastha Medical Corporation Limited (Indraprastha Apollo Hospitals) effective 31st March, 2026. With this, he has ceased to be a Director of the Company and also stepped down from his position as Member and Chairperson of the respective Board Committees. The company has notified the stock exchanges under Regulation 30 of the SEBI Listing Regulations. This appears to be a routine tenure completion rather than a sudden resignation.

Likely market impact

The departure of an independent director upon completing their full tenure is standard corporate governance practice. While it reduces board independence temporarily, this does not indicate any governance concern and the company will need to appoint a replacement independent director in due course.