Intimation regarding completion of term of Independent Directors
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Mangalam Seeds has informed the stock exchanges that two Independent Directors — Mr. Samir Jitendrabhai Shah and Mrs. Riddhi Nimit Shah — have completed their tenure and ceased to be Independent Directors with effect from the close of business hours on 20th June 2025. Both were originally appointed on 20th May 2015 and re-appointed for a second term, which has now expired. Mr. Samir Shah also stepped down as Chairman of the Audit Committee, Nomination & Remuneration Committee, and Stakeholders' Relationship Committee. Mrs. Riddhi Shah ceased to be a member of the Audit Committee, Nomination & Remuneration Committee, Stakeholders' Relationship Committee, and CSR Committee. The Board has recorded its appreciation for their services. No new appointments or replacements have been mentioned in this filing.
This is a routine, pre-scheduled end of term and not a sudden resignation, so the immediate impact on the stock is likely neutral. Shareholders should watch for a follow-up announcement on the appointment of new Independent Directors, as the Board currently has vacancies that need to be filled to maintain SEBI's minimum independent director requirements.