Noting of cessation of term of Mr. Rajendra Vaze (DIN: 02244651) as Independent Director of the Company: The Board noted that the term of Mr. Rajendra Vaze (DIN: 02244651) as Independent ....
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At a board meeting on September 29, 2025, Kaiser Corporation noted the expiry of terms of two Independent Directors — Mr. Rajendra Vaze (DIN: 02244651) and Ms. Anagha Korde (DIN: 02562003) — both of which ended on the same date. The board approved their cessation and also passed a resolution to reconstitute three key committees: the Audit Committee, the Nomination and Remuneration Committee, and the Stakeholder Relationship Committee. The meeting was chaired by Managing Director Mr. Bhushanlal Arora and lasted about 75 minutes. No new appointments were announced in this filing.
The simultaneous exit of two independent directors leaves gaps in board composition and key committees, which may temporarily weaken governance oversight until replacements are appointed. Shareholders should watch for a follow-up announcement regarding new independent director appointments and the reconstituted committee members.