Resignation of Mrs. Sanjeevlata Samdani as the Independent Director due to Completion of Tenure.
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KBS India Ltd has informed the stock exchanges that Mrs. Sanjeevlata Samdani (DIN: 06777920) has completed her second and final term as an Independent Director and has ceased to be a Director of the Company with effect from the close of business hours on 31st March, 2025. The Board and Management expressed appreciation for her contribution and stewardship during her tenure. This is a routine, planned end-of-tenure event rather than a sudden exit, and no reason for concern has been disclosed. The company has confirmed this under SEBI Listing Regulations and the required details have been provided in Annexure A.
This is a routine, scheduled departure at the end of a director's permitted tenure and is unlikely to have any material impact on the company's operations or stock price. Investors should watch for any announcement regarding the appointment of a new Independent Director to fill the vacancy, as maintaining board composition is a regulatory requirement.