Laxmipati Engineering Works Limited has informed the exchange regarding Completion of tenure of Mrs. Pratibha Pankaj Gulgulia as an Independent Director of the company.
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Mrs. Pratibha Pankaj Gulgulia (DIN: 07121815) has completed her second and final term as an Independent Director of Laxmipati Engineering Works Limited and ceased to hold the position from the close of business hours on July 23, 2025. The company expressed appreciation for her contribution during her tenure. The disclosure has been made under Regulation 30 of SEBI's Listing Obligations and Disclosure Requirements. No replacement appointment has been announced in this filing.
This is a routine, expected event as she had already served two consecutive terms (the maximum allowed under SEBI rules), so it carries no negative signal for shareholders. Investors may want to watch for an announcement regarding the appointment of a new Independent Director to maintain board composition requirements.