Intimation of completion of tenure of Mr. Sujal Shah (DIN 00058019) and Mr. Gautam Chakravarti (DIN 00004399) Independent Director of the Company.
MAFATIND · price
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Mafatlal Industries has informed BSE that two Independent Directors, Mr. Sujal Shah (DIN 00058019) and Mr. Gautam Chakravarti (DIN 00004399), have ceased to be on the Board with effect from 30th May 2025. The reason is the completion of their second consecutive five-year term as Independent Directors, after which they are not eligible for re-appointment under SEBI norms. The Board has recorded its appreciation for their contributions to governance and strategic direction. No new appointments have been announced in this filing.
This is a routine end-of-tenure event and not a negative signal. However, shareholders should watch for timely appointment of new Independent Directors to maintain the required board composition under SEBI listing rules. Short-term stock price impact is unlikely.