Kalyan Jewellers India Limited has informed the Exchange regarding Cessation of Mr. ADM Chavali as Non- Executive Independent Director of the company w.e.f. March 27, 2026.
KALYANKJIL · price
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Kalyan Jewellers India Limited has informed the exchanges that Mr. ADM Chavali (DIN: 00374673) ceased to be a Non-Executive Independent Director of the company with effect from the close of business hours on March 27, 2026. The cessation is because he has completed his second and final consecutive term as an Independent Director, in line with SEBI Listing Regulations. No reason related to resignation, removal, or governance concerns has been mentioned. The disclosure was made by the Company Secretary & Compliance Officer, Jishnu RG, under Regulation 30 of the SEBI LODR Regulations.
This is a routine, regulatory-driven exit and not a negative event. Under SEBI rules, independent directors can serve only two consecutive five-year terms, so shareholders should expect a replacement independent director to be appointed in due course. No material impact on operations or stock price is expected.