Lakshmi Finance & Industrial Corporation Limited has informed the Exchange regarding Cessation of completion of tenure of Mrs Madhurika Nalluri Venkat as Non- Executive Independent Director of the Company w.e.f. August 28, 2025. complete two terms of 5 years each as Independent Director, she will cease to be a Director of the Company.
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Lakshmi Finance & Industrial Corporation Limited has informed the stock exchange that Mrs. Madhurika Nalluri Venkat (DIN: 07147974) has ceased to be a Director of the company with effect from August 28, 2025. This is because she completed her second consecutive term of five years as a Non-Executive Independent Director, which is the maximum allowed under SEBI regulations. The disclosure has been made under SEBI Listing Regulations. The Managing Director, K. Harishchandra Prasad, signed the filing.
This is a routine, regulatory-driven change with no negative implication. The director is leaving because her maximum allowable tenure (two terms of 5 years each) has ended, not due to any governance concern. Investors should expect the company to appoint a new Independent Director in due course to maintain board composition requirements.