KIOCL Limited has informed the Exchange regarding Cessation of Mr Changdev Sukhadev Kamble as Non- Executive Independent Director of the company w.e.f. April 15, 2026.
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KIOCL Limited has announced the cessation of Shri Changdev Sukhadev Kamble as Non-Executive Independent Director with effect from April 15, 2026. His tenure, which was for one year from April 15, 2025, concluded as per Ministry of Steel's Order No. 1/1/2025-BLA. KIOCL is a government-owned company under the Ministry of Steel. Importantly, the company has not received any communication from the Government of India regarding the appointment of a replacement Independent Director, leaving a vacancy on the board.
The departure of the Independent Director, without an immediate replacement named, could raise governance concerns as listed companies are required to maintain a minimum number of independent directors. Shareholders should monitor whether the board composition remains compliant with SEBI LODR requirements.