Pasupati Acrylon Limited has informed the Exchange about Retirement
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Two independent directors of Pasupati Acrylon Limited — Mr. S.C. Malik (DIN: 00107170) and Mr. D.K. Kapila (DIN: 00179060) — will retire from the board on September 18, 2025, at the conclusion of the 42nd Annual General Meeting. Both have completed their second and final consecutive term as independent directors, as permitted under Section 149(11) of the Companies Act, 2013, which caps the tenure of independent directors at two five-year terms. The board, at its meeting on August 13, 2025, formally noted their retirement and placed on record its appreciation for their contributions.
This is a routine, planned governance change driven by a legal cap on independent director tenure, and is not expected to materially impact the stock price or operations. Investors may want to keep an eye on whether new independent directors are appointed before the AGM on September 18, 2025.