Appointment of Shri Tapan Sarma (Din no. 09433212) in place of Prasanta Bora as Nominee director of Assam Industrial Development Corporation Ltd
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Prag Bosimi Synthetics Ltd has informed the BSE that Shri Tapan Sarma (DIN: 09433212), Dy General Manager (Tech) at AIDC, has been appointed as Nominee Director in place of Shri Prasanta Bora, effective 28 May 2025. The change has been made pursuant to a direction from the Government of Assam through Assam Industrial Development Corporation Ltd (AIDC). Since AIDC is a shareholder/nominee entity on the company's board, this is essentially a replacement of an existing government nominee rather than a new board appointment. The intimation was signed by the Company Secretary, Madhu Dharewa, on 2 June 2025.
This is a routine government-nominee director swap with no material impact on operations, strategy, or shareholder value. Retail investors should view this as administrative housekeeping driven by the promoter/nominee shareholder AIDC rather than any governance concern or strategic shift.