Intimation for completion of second term of three consecutive years of Mr. Subhash Kutte as an Independent Director of the Company w.e.f. closure of business hours on May 09, 2025.
MENNPIS · price
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Mr. Subhash Kutte (DIN: 00233322) completed his second consecutive three-year term as an Independent Director (Non-Executive) of Menon Pistons Ltd and ceased to hold the position from the close of business hours on May 9, 2025. This was a routine end-of-tenure event, not a resignation. To maintain board composition, Mr. Ravindra Prasad Purohit (DIN: 06982157) was appointed as an Additional Director in the Non-Executive & Independent Director category effective May 7, 2025, subject to shareholder approval at the next Annual General Meeting. The company recorded its appreciation for Mr. Kutte's contribution during his tenure.
This is a routine board-level transition with no impact on operations, financials, or shareholding. The replacement of one independent director with another keeps the board compliant with listing regulations and is likely neutral for the stock price.