Outcome of the board meeting of the Directors held today i.e., 23.09.2025
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The board of Mayur Floorings Ltd met on September 23, 2025 and approved the appointment of Ms. Deepali Chundawat (DIN: 11108961) as an Independent Director for a five-year term, pending shareholder approval. The board also re-constituted its Audit Committee, Nomination & Remuneration Committee, and Stakeholders Relationship Committee, with Ms. Chundawat being added to all three. The board noted the cessation of Ms. Dhara as Independent Director effective September 8, 2025 due to expiry of her tenure (a routine end-of-term exit, not a mid-term resignation). Additionally, the board approved the renewal of the company's existing credit facilities.
These are routine governance changes - a new independent director strengthens board oversight, while the credit facility renewal supports continued operations. No significant impact expected on shareholders or stock price as the changes are administrative in nature.