Pavna Industries Limited has informed the Exchange regarding Cessation of term of Mr Naozer Firoze Aibara as Non- Executive Independent Director of the company w.e.f. Jun 25, 2025.
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Pavna Industries has informed the stock exchanges that the term of Mr. Naozer Firoze Aibara (DIN: 08759817) as a Non-Executive Independent Director ended on June 24, 2025. Accordingly, he ceased to hold the position with effect from June 25, 2025. The company has recorded its appreciation for his contributions during his tenure. The filing is a routine regulatory disclosure under SEBI LODR Regulation 30, and the reason for the change is stated as completion of term, not resignation or removal. No replacement appointment has been announced in this filing.
This is a routine, non-negative board change — completion of a fixed-term independent director tenure. It is unlikely to have any material impact on the stock price or operations, though shareholders may want to watch for any new independent director appointment to maintain board composition requirements.