Update with Additional Disclosure required regarding the intimation done on 2nd June 2025 for change in Nominee Director
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Prag Bosimi Synthetics has shared additional details about a Nominee Director change originally announced on 2nd June 2025. Following a directive from the Government of Assam, Mr. Tapan Sarma (DIN 09433212), Deputy General Manager (Tech) at Assam Industrial Development Corporation (AIDC), has been appointed as Nominee Director with effect from 28th May 2025, replacing Mr. Prasanta Bora. Mr. Sarma, born 2 October 1968, holds a Bachelor's in Civil Engineering and has over 30 years of experience at AIDC, where he also serves as Managing Director of Assam State Fertilizers and Chemicals Limited. He holds three private company directorships, holds no shares in Prag Bosimi, and has no inter-se relationship with other directors or KMPs.
This is a routine governance update replacing a government-nominee director with another AIDC representative. It is unlikely to have any material impact on the stock price or shareholder value, as nominee directors typically act on behalf of the nominating institution.