Kirloskar Oil Engines Limited has informed the Exchange regarding Cessation of Mr Mahesh Chhabria as Non- Executive Director of the company w.e.f. close of working hours of March 31, 2025.
KIRLOSENG · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Mr. Mahesh Chhabria (DIN 00166049) has stepped down as Non-Executive Non-Independent Director of Kirloskar Oil Engines Limited (KOEL) with effect from the close of working hours on March 31, 2025. He had been on the board since July 2017. In his resignation letter dated March 5, 2025, he stated he wishes to pursue an entrepreneurial journey, and the Board accepted his resignation on March 12, 2025. He also ceased to be a member of the Nomination and Remuneration Committee and the Audit Committee. The company has expressed appreciation for his contributions during his tenure.
This is a voluntary, planned exit by a non-executive director for personal entrepreneurial reasons, with no governance concerns flagged. Shareholders may view it as neutral, though it leaves two key board committee seats (Audit and Nomination & Remuneration) to be filled.