Intimation regarding cessation of Independent Director of the Company due to completion of first term pursuant to Regulation 30 read with Schedule III of SEBI (Listing Obligations and ....
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Mrs. Deeksha Keswani has completed her first two-year term as an Independent Director of Metal Coatings India Ltd and has ceased to hold the position with effect from the close of business on 16th May 2026. She has also stepped down from the Audit Committee and Nomination & Remuneration Committee. The board composition has been updated from 17th May 2026, with the company continuing to have 5 directors including 3 Independent Directors. This appears to be a routine end-of-term cessation rather than a premature resignation.
The stock is unlikely to be materially impacted as this is a normal term completion for an independent director. The board retains adequate independent director representation with 3 remaining independent directors on the board and committees.