change in designation
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Awaiting price reaction for this filing.
Ms. Chanchal (DIN: 10836478), who was appointed as a Non-Executive Independent Director on February 11, 2025, has been redesignated as a Non-Executive Non-Independent Director effective June 21, 2025. The change was approved by the Board at its meeting on the same date, citing a change in her shareholding as the reason. She holds 21,00,000 shares in the company and was born on September 4, 2001. The filing clarifies she is not related to any other director on the board.
The board has lost one Independent Director, reducing the count of independent oversight on the board — a concern for minority shareholders. The change was triggered by shareholding crossing a threshold, which could indicate growing promoter or substantial shareholder influence on the board.