Pix Transmissions Limited has informed the Exchange about Retirement
PIXTRANS · price
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Mr. Aqueel Mulla (DIN: 00129064) has stepped down from the board of Pix Transmissions as an Independent Director after completing his second and final consecutive five-year term. This is a planned, regulatory-driven exit, as Indian law caps independent directors at two consecutive five-year terms. The change takes effect from September 23, 2025. The announcement is filed under SEBI Listing Regulations, and the company has provided the standard disclosure annexure. Pix Transmissions will need to appoint a new independent director to maintain the required board composition under the Companies Act and SEBI norms.
This is a routine, non-event for shareholders — a statutory term completion with no governance red flags. The company will need to bring in a replacement independent director to comply with board composition rules, but no disruption to operations is expected.