KDDL Limited has informed the Exchange regarding Cessation of Mr. Praveen Gupta as Non- Executive Independent Director of the company w.e.f. August 23, 2025.
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KDDL Limited has informed stock exchanges that Mr. Praveen Gupta (DIN: 01885287) ceased to be a Non-Executive Independent Director of the company effective August 23, 2025. The reason given is the completion of his second consecutive term of five years as an Independent Director, as permitted under SEBI regulations. The company has disclosed the change under Regulation 30 of the SEBI Listing Regulations. The letter was signed by Brahm Prakash Kumar, Company Secretary. There is no indication of any dispute, resignation due to disagreement, or governance concern.
This is a routine end-of-term event for an independent director and is unlikely to have a material impact on the stock price or operations. Shareholders should note that the board will need to fill this independent director position in due course to comply with minimum board composition requirements.