Pursuant to Regulation 30 read with Part A of Schedule III of SEBI (LODR) Regulations, 2015, we hereby inform you that Mr. Yogesh R. Choksey and Mr. Ramanathan Thirupathi have ceased to ....
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Libord Securities Ltd has informed BSE that two Non-Executive Independent Directors — Mr. Yogesh R. Choksey (DIN: 00451871) and Mr. Ramanathan Thirupathi (DIN: 01680773) — have ceased to be on the Board with effect from close of business hours on September 29, 2025. The reason for their exit is the completion of their maximum permissible 10-year tenure as Independent Directors (two consecutive terms of five years each), as mandated under SEBI LODR rules. The Board has recorded its appreciation for their contributions during their association with the company. The company has disclosed the required details under Regulation 30 of SEBI LODR read with the November 2024 SEBI Master Circular.
This is a routine, regulatory-driven board change and not a governance red flag. Shareholders should expect the company to appoint new Independent Directors in due course to fill the resulting vacancies on the board. No direct impact on stock price or operations is anticipated.