Cessation of an Independent Director of the Company upon completion of his second and final term as on Independent Director of the Company.
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Ramgopal Polytex Limited's Board of Directors meeting on May 8, 2026 approved two key changes to the Board composition. Mr. Arun Kumar Modi (DIN: 07513121) has ceased to be an Independent Director with effect from close of business hours on May 8, 2026, upon completion of his second and final term of five consecutive years as Independent Director. Concurrently, Mr. Arun Kumar Sharma (DIN: 00369461), a 61-year-old Chartered Accountant with over 30 years of experience in Banking and Financial Sector, has been appointed as an Additional Director in the category of Non-Executive Independent Director for a 5-year term from May 9, 2026 to May 8, 2031, subject to shareholder approval. Mr. Sharma is not related to any Director of the Company. The committees have been reconstituted accordingly with Mr. Sharma being added to the Audit Committee and Nomination and Remuneration Committee.
This is a routine board change involving the scheduled completion of an independent director's tenure and his immediate replacement by a new independent director, ensuring continuity of board independence. No material impact on shareholders expected as the company maintained its independent director count.