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 Disclosure ....
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Metal Coatings India Ltd has announced that Mrs. Deeksha Keswani has completed her first term of two years as an Independent Director and ceased from the position effective May 16, 2026. She also stepped down from the Audit Committee and Nomination & Remuneration Committee. The board composition has been updated with three remaining Independent Directors (Rupali Aggarwal, Sachin Khurana, and Aanchal Gupta) continuing to serve. This is a routine governance event as her fixed term appointment has naturally concluded, not a resignation or removal. The company continues to maintain the required independent director composition on its board and committees.
This announcement has no material negative implications for shareholders as it reflects normal term completion rather than an unexpected departure. The company remains compliant with SEBI's independent director requirements with three independent directors still in place.