Outcome Of Board Meeting under regulation 30 of SEBI (LODR) Regulation, 2015 for cessation of Independent Director
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Raideep Industries Limited informed stock exchanges that Mr. Inderbir Singh Chawla (DIN: 07261124) ceased to be an Independent Director of the Company on September 25, 2025, upon completing two consecutive terms of 5 years each (10 years total), as per SEBI norms. Mr. Chawla also stepped down as Chairperson of three key committees — Audit Committee, Nomination and Remuneration Committee, and Stakeholders Relationship Committee. Ms. Parul Singh (DIN: 09811725) has been appointed as the new Chairperson of all three committees, while Ms. Somali Trivedi and Mrs. Paramjit Bhalla continue as members. The Board approved these changes at its meeting held on September 25, 2025.
This is a routine regulatory filing with no negative implications — Mr. Chawla's exit is due to the mandatory 10-year tenure cap for Independent Directors under SEBI rules, not due to any governance issues. Shareholders should note a smooth transition with an existing director taking over committee leadership roles.