Paisalo Digital Limited has informed the Exchange regarding Cessation of Mr. Gauri Shankar as Non-Executive Independent Director of the company w.e.f. July 21, 2025.
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Paisalo Digital Limited has informed the stock exchanges that Mr. Gauri Shankar (DIN: 06764026) ceased to be an Independent Director of the company with effect from the close of business hours on July 21, 2025. The cessation is due to the completion of his second and final consecutive term as an Independent Director, in line with Section 149(11) of the Companies Act, 2013, which caps the tenure of independent directors at two terms. The board recorded its appreciation for his contributions, guidance, and services during his tenure. No replacement appointment details have been disclosed in this filing, and the company has stated that the disclosure is also being hosted on its website.
This is a routine, regulatory-driven board change rather than a resignation or governance event, and is unlikely to have a material impact on the stock price. Investors may watch for any subsequent announcement regarding the appointment of a new Independent Director to fill the vacancy and maintain board composition requirements.