KIOCL LIMITED has informed the Exchange about Resignation of Independent director.
KIOCL · price
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Shri Changdev Sukhadev Kamble has resigned as Independent Director on the Board of KIOCL Limited. The resignation has been formalized and a government order dated 15.04.2025 has been issued by the Ministry of Steel re-appointing him as a Non-Official Director (NoD) on the Board for a period of one year. This indicates Kamble will continue on the board but in a different capacity - as a government nominee rather than as an Independent Director. The company has filed this intimation with the stock exchange as required under listing regulations.
The resignation of an Independent Director changes the board composition and may raise governance concerns for investors, though the re-appointment as a Non-Official Director suggests continuity of government oversight.