Palred Technologies Limited has informed the Exchange about Retirement
PALREDTEC · price
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Palred Technologies Limited has informed the stock exchanges that Mr. Atul Sharma (DIN: 07185499) has completed his second and final term of 5 consecutive years as an Independent Director of the company. Consequently, he ceased to be an Independent Director with effect from the close of business hours on May 13, 2025. His membership and chairmanship in various board committees also cease to exist. The Board recorded appreciation for his contributions during his association with the company. The details have been disclosed under Regulation 30 of SEBI LODR Regulations read with Schedule III.
This is a routine end-of-tenure event for an Independent Director, as independent directors are limited to two consecutive terms of five years each. No material impact on the stock is expected, though the company will need to fill the independent director vacancy on its board within permitted timelines.