Outcome of Board Meeting under regulation 30 of SEBI (LODR) Regulation, 2015 for cessation of Independent Director
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Raideep Industries informed the stock exchanges that Mr. Inderbir Singh Chawla (DIN: 07261124) ceased to be an Independent Director of the company on September 25, 2025, after completing two consecutive 5-year terms, which is the maximum allowed under SEBI rules. The board noted his cessation at a meeting held on the same day. Following his exit, the company reconstituted three key committees — Audit, Nomination and Remuneration, and Stakeholders Relationship — with Ms. Parul Singh (DIN: 09811725) taking over as Chairperson of all three. The remaining committee members (Ms. Somali Trivedi and Mrs. Paramjit Bhalla) continue unchanged.
This is a routine, regulation-mandated exit after completing the maximum tenure as an independent director, not a governance red flag. Committees have been quickly reconstituted with existing directors, so day-to-day governance and operations should remain unaffected for shareholders.