Intimation of completion of tenure of Independent Director
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Prime Fresh Limited has announced that Mr. Ravi Menon (DIN: 05254365), Non-Executive Independent Director, has completed his second consecutive term and ceased to be an Independent Director effective from the close of business hours on May 20, 2026. This is a routine governance matter as per SEBI regulations, which mandate fixed terms for independent directors (typically two terms of 5 years each). The Board has expressed appreciation for Mr. Menon's contributions during his 10-year tenure. The company has filed this disclosure under Regulation 30 of SEBI (LODR) Regulations, 2015. No new appointment or replacement has been announced in this filing.
This is a standard governance transition where the independent director's pre-approved term has ended. It does not indicate any governance concerns or strategic shifts. Shareholders should monitor for any subsequent appointment of a new independent director to maintain board independence requirements.