Additional details required through exchange correspondence dated October 6, 2025 regarding intimation of cessation of Ms. Lakshika Mehta as independent director on September 24 ,2025
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Awaiting price reaction for this filing.
Munoth Financial Services has clarified to BSE that Ms. Lakshika Mehta (DIN: 07183815) ceased as Non-Executive Independent Director with effect from end of business hours on September 22, 2025, due to completion of her pre-determined term as approved by shareholders. The Board formally noted her cessation in a meeting on September 24, 2025 and recorded appreciation for her contributions. BSE had sought additional details under the July 13, 2023 SEBI circular following the original September 24 disclosure, and the company is now resubmitting with the required information, acknowledging a delay in initial filing. Ms. Mehta held nil shares in the company, and no brief profile or inter-director relationship details were applicable.
This is a routine, pre-scheduled end-of-term exit of an independent director and is unlikely to materially affect the stock. Shareholders should note the company also admitted a compliance delay in timely disclosure, which is a minor governance watchpoint but not an adverse event.