Palred Technologies Limited has informed the Exchange about Retirement
PALREDTEC · price
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Mr. S. Vijaya Saradhi (DIN: 03089889) has completed his second and final 5-year term as an Independent Director of Palred Technologies Limited. He ceases to hold the position of Independent Director with effect from the close of business hours on May 13, 2025. Consequently, his membership and chairmanship in various board committees also stand terminated. The company has appreciated his contribution during his tenure. No replacement appointment has been announced in this filing.
This is a routine, scheduled end of tenure for an independent director and is not expected to materially affect the stock price. Shareholders may want to watch for a replacement appointment announcement to ensure board composition remains compliant with listing requirements.