Mahalaxmi Rubtech Limited has informed the Exchange regarding Cessation of Mrs Sangita Shingi as Non- Executive Independent Director of the company w.e.f. March 31, 2026.
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Mahalaxmi Rubtech Limited has informed the stock exchanges that Mrs. Sangita Shingi (DIN: 06999605) will cease to be a Non-Executive Independent Director of the company with effect from March 31, 2026. The cessation is due to the completion of her second consecutive five-year term as an Independent Director, which is the maximum tenure permitted under SEBI Listing Regulations. No reasons related to resignation, removal, or death are indicated. The disclosure has been made under Regulation 30 of the SEBI Listing Regulations with the required details attached as Annexure A.
This is a routine, regulatory-driven board change with no negative governance implications. Shareholders should not expect any disruption, as the director is exiting only because she has completed the maximum permitted tenure, not due to any performance or compliance issue. A new Independent Director will likely need to be appointed in due course to maintain board composition requirements.