Intimation for cessation of term of the Independent Director, Mr.K.A. Somasekharan, upon completion of his second consecutive term of 5 years.
Awaiting price reaction for this filing.
Inditrade Capital Ltd has informed the stock exchanges that Mr. Kerachan Ayyappan Somasekharan (DIN: 01573721) ceased to be an Independent Director of the company effective from the close of business hours on 15th February 2026. His exit is due to the natural completion of his second consecutive term of five years, which is the maximum tenure permitted for an independent director under the Companies Act. The board has recorded its appreciation for his 10 years of service and contribution. The disclosure was made under Regulation 30 of SEBI's Listing Obligations and Disclosure Requirements Regulations, 2015.
This is a routine, non-adverse governance event with no negative implication for shareholders. The company will need to appoint a new independent director in due course to maintain compliance with board composition norms under SEBI LODR. No material effect on stock price is expected.