Revised announcement of completion of Tenure of Mr Sandesh Mhadalkar as an Independent Director of the Company
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Awaiting price reaction for this filing.
Mr. Sandesh Mhadalkar (DIN: 08929791) ceased to be an Independent Director of the company on October 22, 2025, upon completion of his tenure. This is a revised filing because the original intimation dated October 24, 2025, was submitted late, beyond SEBI's 24-hour disclosure requirement. The company attributed the delay to administrative oversight and intervening holidays. BSE had flagged the late disclosure and asked for an explanation, which the company has now provided along with a fresh announcement containing all required details.
The departure is routine — an independent director completing his fixed term, not a resignation under any controversy. However, the late disclosure and exchange flagging raise a minor corporate governance red flag, though unlikely to materially affect the stock price.