take note of completion of tenure/ cessation of Independent Directors
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Ms. Boppanda Chengappa Ponmamma (DIN: 07076452) will cease to be an Independent Director of Octavius Plantations Limited effective from the close of business hours on 28 September 2025. This follows the completion of two consecutive five-year terms as an Independent Director, as required under the Companies Act. The cessation was formally noted at the company's 41st Annual General Meeting held on 29 September 2025. The resolution also authorised directors to take all necessary actions in this regard.
This is a routine, regulatory-driven change with no material impact on the company's operations or shareholders. The outgoing Independent Director had already served the maximum tenure permitted by law, and the company will need to appoint a replacement Independent Director in due course to maintain board composition.