Outcome of Board Meeting held on Tuesday, 30th September, 2025.
Awaiting price reaction for this filing.
Charms Industries' Board of Directors met on September 30, 2025, and approved two key matters. First, certain Board Committees were reconstituted with immediate effect. Second, two Independent Directors — Mr. Harshad Shantilal Gandhi and Mr. Nishit Madhavbhai Rupapara — ceased to be on the Board from the same date, having completed their second consecutive five-year term under the Companies Act, 2013. The company clarified that there is no other reason for their departure beyond natural term completion, and the Board recorded its appreciation for their contributions.
This is a routine governance event with no negative implications. Shareholders should note that the company will need to appoint new Independent Directors to maintain board composition requirements, which is a standard regulatory process.