Oberoi Realty Limited has informed the Exchange regarding Change in Director(s) of the company.
OBEROIRLTY · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Oberoi Realty has informed the stock exchanges that Mr. Karamjit Singh Kalsi, an Independent Director on the company's board, has stepped down effective June 30, 2025. His departure is due to the mandatory retirement rule after he completed two consecutive five-year terms (10 years in total). This is a routine exit required under Section 149(11) of the Companies Act, 2013 and SEBI Listing Regulations. No replacement appointment has been announced in this filing. The company filed the disclosure through its Company Secretary, Bhaskar Kshirsagar.
This is a routine, regulation-driven retirement and is unlikely to have any material impact on the company's operations or stock price. Shareholders should watch for a separate announcement if and when a new Independent Director is appointed to fill the vacancy.