Intimation regarding completion of term of Independent Directorship of Mr. Rajender Sharma.
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Mr. Rajender Sharma has completed his second and final term as an Independent Director of Kunststoffe Industries Ltd, with his tenure ending on September 25, 2025. Since he has served two consecutive terms, he is not eligible for re-appointment under SEBI rules. The company has informed BSE of this development as required under listing regulations. He held no shares in the company and had no inter-se relationships with other directors or KMPs. No replacement appointment has been announced in this filing.
This is a routine governance event with no material impact on the company's operations or financials. Shareholders may watch for the appointment of a new Independent Director to ensure the board remains compliant with SEBI's minimum composition requirements.