Update with Additional Disclosure required regards to the intimation done on 3rd June 2025 for change of Nominee Director.
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Prag Bosimi Synthetics Ltd has informed the stock exchange about a change in its Nominee Director. Following a direction from the Government of Assam, Shri Tapan Sarma, Deputy General Manager (Tech) at Assam Industrial Development Corporation (AIDC), has been appointed as Nominee Director in place of Shri Prasanta Bora, effective 28th May 2025. Mr. Sarma holds a Bachelor's degree in Civil Engineering and brings over 30 years of experience in the technical department at AIDC. He also serves as Managing Director of Assam State Fertilizers and Chemicals Limited and holds three directorships in private limited companies. He does not hold any shares in Prag Bosimi Synthetics and has no inter-se relationship with other directors or key managerial personnel. This filing provides additional disclosure details as required by the exchange under SEBI LODR Regulations.
This is a routine nominee director rotation driven by the promoter/governing stakeholder (Government of Assam via AIDC) and is unlikely to have any material impact on the company's operations, strategy, or stock price. Shareholders should view this as a governance formality with no change in business direction.