Pursuant to provisions of the Regulation 30 of the SEBI (LODR) Regulations, 2015, Disclosure of Retirement of Independent Director is enclosed herewith.
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Mudra Financial Services has informed the stock exchange about board-level changes effective 22nd May 2025. Mrs. Asha Krishankumar Rathi retired as an Independent Director after completing two consecutive five-year terms, with her cessation effective from the close of business hours on 23rd March 2025. To fill the vacancy, Mrs. Dipti Nikhil Chheda has been appointed as an Additional Director (Non-Executive Independent Director) for a five-year term from 22nd May 2025 to 21st May 2030, subject to shareholder approval. Additionally, CS Anirudh Kumar Tanvar has been appointed as the Secretarial Auditor for five years (FY 2025-26 to FY 2029-30), and M/s. Gohil Tejas & Co. has been re-appointed as Internal Auditors for FY 2025-26.
These are routine governance changes with no material impact on shareholders. The outgoing director's retirement was due to mandatory term limits under the Companies Act, and the incoming director is a qualified Company Secretary with corporate governance expertise. The auditor appointments are standard compliance-driven moves and unlikely to affect the stock price.