Ishan Dyes and Chemicals Limited has informed the Exchange about Retirement of Independent Director.
ISHANCH · price
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Mr. Ronak Yatinkumar Desai (DIN: 02808811), a Non-Executive Independent Director, has retired from the board of Ishan Dyes and Chemicals Limited with effect from the close of business hours on 28th September 2025. The retirement is due to the completion of his second consecutive term as an Independent Director, as permitted under SEBI rules. The company still has three other Independent Directors on its board, so it remains compliant with the minimum Independent Director requirements. The Managing Director (Mr. Piyushbhai Natvarlal Patel) and other board members continue in their respective roles without any changes.
This is a routine, expected event with no negative implications. The company retains sufficient Independent Directors on its board, and the retirement is not linked to any governance issues or disagreements. Shareholders are unlikely to see any material impact on the stock price.