Cessation upon completion of tenure.
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Panasonic Carbon India has informed the stock exchange that Mr. Subramanian Kalyanaraman (DIN: 08317984) has ceased to be an Independent Director of the company with effect from March 31, 2025. The cessation is on account of completion of his second and final term of three consecutive years as a Non-Executive Independent Director. The disclosure has been made under SEBI Listing Regulations and signed by Managing Director R Senthil Kumar. This is a routine, planned end-of-tenure event and not a resignation or removal.
This is a non-event for shareholders — it is a scheduled, planned exit after two full terms and does not signal any governance concern or strategic change. Investors should expect the company to initiate the process of appointing a new Independent Director in due course to maintain board composition requirements.