Marine Electricals (India) Limited has informed the Exchange regarding Cessation of Mr Mohan Rao as Independent Director of the company w.e.f. May 29, 2026.
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Mr. Mohan Rao has stepped down as Independent Director of Marine Electricals (India) Limited effective May 29, 2026, upon completion of his second term. As a result, he also ceased to be a member of the Nomination & Remuneration Committee, Stakeholders Relationship Committee, and Risk Management Committee. The cessation is routine in nature as per the company's disclosure under SEBI Listing Regulations. The company has provided the required details in the attached Annexure A as mandated by SEBI circular dated January 30, 2026.
The departure appears to be a normal tenure completion and does not indicate any governance concerns. Shareholders should note that the company will need to appoint a new Independent Director to fill the vacancy within the prescribed timeframe as per SEBI regulations.