Completion of Tenure of Mr. Rajiv Kalra (DIN:07143336) Independent Director of the company
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Prime Industries Ltd has informed BSE that Mr. Rajiv Kalra (DIN: 07143336) has ceased to be a Non-Executive Independent Director of the company with effect from 30 September 2025. His departure comes upon the natural completion of his second consecutive term of five years, meaning he served the maximum allowable tenure of 10 years as an independent director under SEBI rules. The company has recorded its appreciation for his contribution during his time on the board. The disclosure has been made under SEBI LODR Regulation 30 read with the relevant SEBI circular on director changes.
This is a routine and expected governance event with no negative implications — Mr. Kalra has simply reached the end of his eligible tenure as an independent director. Shareholders should not expect any material impact on operations or stock price; investors may however watch for timely appointment of a replacement independent director to ensure board composition remains compliant.