Mazagon Dock Shipbuilders Limited has informed the Exchange regarding Cessation of Mrs Veni Thapar as Independent Director of the company w.e.f. April 21, 2026.
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Mazagon Dock Shipbuilders has announced that two Non-Official Independent Directors will cease to be directors of the company w.e.f. 21 April 2026 upon completion of their one-year tenure. The directors are Dr. Vivek Atul Bhuskute and Smt. Veni Thapar, both appointed on 21 April 2025 for a period of one year. This is a routine tenure-based cessation as per their appointment terms, not a resignation or early departure. The company has made this disclosure under SEBI (LODR) Regulations, 2015.
The simultaneous end of tenure for two independent directors could temporarily reduce board independence, but as this is a planned completion rather than a sudden resignation, the market impact is likely minimal. Shareholders should watch for replacement appointments.