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Awaiting price reaction for this filing.
J.A. Finance Ltd informed the stock exchanges that Mrs. Medhavi Lohia (DIN: 06489775) will cease to be an Independent Director effective 29 April 2025, after completing two consecutive 5-year terms as per regulatory norms. On 24 April 2025, the Board approved the appointment of Ms. Deepa Kumari Saha (DIN: 11106312) as an additional Woman Independent Director effective 30 April 2025, subject to shareholder approval. Ms. Saha is a 50-year-old Practicing Company Secretary with experience in consulting, corporate law, finance, and taxation, and holds no shares in the company. Board committees (Audit, Nomination & Remuneration, and Stakeholders Relationship) have been reconstituted with Ms. Saha as Chairperson and existing members continuing.
This is a routine governance transition - one independent director retiring after completing the maximum permitted tenure and being replaced by another independent director. No material impact expected on shareholders or stock price, as board composition and committee oversight remain in place.