Resignation due to Completion of Tenure (Second) as Independent Director
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Awaiting price reaction for this filing.
The board of Prag Bosimi Synthetics, at its meeting on August 13, 2025, noted the completion of Mr. Mukund Trivedi's second 5-year term as Independent Director. Mr. Trivedi confirmed his resignation, effective August 13, 2025 (after office hours), stating no material reason other than term expiry. In the same meeting, the board approved the re-appointment of Mr. Raktim Kumar Das as Whole Time Director, appointed Mrs Geetha Subramonia Iyer as Additional Independent Director, and appointed M/s Ashok Patel and Associates as Secretarial Auditor.
This is a routine, planned exit due to natural term completion and is unlikely to affect the stock price. A replacement independent director has already been appointed, maintaining board composition requirements.