INTIMATION REGARDING CESSATION OF MS. KAVITA AWASTHI AS AN INDEPENDENT DIRECTOR OF THE COMPANY.
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Rich Universe Network Ltd has informed BSE that Ms. Kavita Awasthi (DIN: 03106803) has ceased to be an Independent Director of the company effective close of business hours on April 3, 2025. The reason is the completion of her second and final five-year term as an Independent Director, as permitted under company law. The Board expressed appreciation for her contributions during her tenure. Ms. Awasthi does not hold directorships in any other listed entity. The filing was made by Managing Director Shashwat Agarwal under SEBI Listing Regulations.
This is a routine, regulatory-driven exit due to the maximum tenure cap for Independent Directors and is unlikely to have any material impact on the stock or operations. Shareholders should watch for the appointment of a replacement Independent Director in due course to ensure the Board remains compliant with composition requirements.