Khandwala Securities Limited has informed the Exchange regarding Cessation of Mr. Homiar N. Vakil as Independent Director of the company due to completion of term w.e.f. closure of business hours of September 18, 2025.
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Mr. Homiar N. Vakil has ceased to be an Independent Director of Khandwala Securities Limited with effect from the close of business hours on September 18, 2025. The cessation is due to the completion of his term as Independent Director, which is a routine and scheduled event. No reasons of concern, resignation mid-term, or governance issues have been mentioned in the filing.
This is a routine end-of-term event and is unlikely to have any material impact on the company's operations or stock price. Shareholders should watch for the appointment of a replacement Independent Director to ensure board composition compliance.