Cessation of Independent Director Madam Dhara Shah due to completion of tenure.
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Mayur Floorings Ltd has informed the stock exchange that Madam Dhara Shah (DIN: 06983857) has ceased to be an Independent Director of the company with effect from September 8, 2025, upon completion of her second consecutive term as Independent Director. The company has recorded its appreciation for her guidance and contributions during her tenure. This is a routine regulatory disclosure under SEBI Listing Regulations, and the company has provided the required details in Annexure A. No reasons of resignation, removal, or any controversy have been mentioned — the cessation is purely due to the natural end of her eligible tenure.
This is a routine, non-event for shareholders — the director's exit is due to the regulatory cap on consecutive independent director terms, not any governance concern. No immediate impact on stock price or business operations is expected, though the board will need to fill the independent director vacancy in due course to comply with SEBI requirements.