Revised Corporate Announcement being filed in relation to Cessation of Mr. Jagdish Sajan Kandoria as Independent Director upon Completion of Term. This is being filed with the reference ....
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Kachchh Minerals has filed a revised corporate announcement correcting an earlier filing on the BSE portal. The company clarified that Mr. Jagdish Sajan Kandoria (DIN: 08705510) did not resign from the Board. Instead, his tenure as an Independent Director ended on April 24, 2025, upon natural completion of his five-year term under Section 149(10) of the Companies Act, 2013. No resignation letter was submitted, as his exit was due to term expiry and not resignation. The Board recorded appreciation for his contributions and is completing the required filings with the Ministry of Corporate Affairs.
This is a procedural correction with no material impact on shareholders or the stock price. The director's exit was routine (term completion), and the revision only fixes a typographical error in an earlier announcement that wrongly described it as a resignation.