Intimation of Completion of 2nd term of Mr. Ashok Tikamdas Kukreja (DIN: 00463526) as Non - Executive Independent Director.
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Mr. Ashok Tikamdas Kukreja (DIN: 00463526) ceased to be a Non-Executive Independent Director of Modern Shares & Stockbrokers Ltd with effect from March 31, 2025, after completing his second consecutive term as permitted under SEBI rules. He also stepped down as Chairman of the Audit Committee, Nomination and Remuneration Committee, and Stakeholders & Grievance Committee. The Board has reconstituted these committees with Mr. Pankaj R. Ved (Independent Director) taking over as Chairperson of all three committees. The company has expressed appreciation for his contributions during his tenure.
This is a routine, regulatory-driven transition and not indicative of any governance concern. The board continuity is maintained as existing independent directors have taken over committee leadership roles. No material impact expected on shareholders or stock price.