CESSATION OF MR. RAJIV KALRA INDEPENDENT DIRECTOR OF THE COMPANY PURSUANT TO COMPLETION OF TWO TERM OF 5 YEARS
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Prime Industries Ltd has informed BSE that Mr. Rajiv Kalra (DIN: 07143336) ceased to be a Non-Executive Independent Director of the company with effect from 30th September 2025. This cessation is due to the natural completion of his second consecutive five-year term as an Independent Director. The company has recorded its appreciation for his contribution during his tenure. The disclosure was filed under SEBI LODR Regulation 30, and the company also noted that Mr. Kalra holds directorship in Master Trust Limited, where he chaired the Audit Committee and NRC Committee.
This is a routine regulatory filing with no negative implications — the director's exit is purely due to the expiry of his eligible tenure under SEBI rules. Investors should note that the company will need to appoint a new Independent Director in due course to maintain board composition compliance, but there is no impact on operations or stock price.