We herewith Inform you that Smt. Neelima Kushik has completed her second consecutive term as an Independent Director
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Sagarsoft (India) Ltd has informed the BSE that Smt. Neelima Kaushik (DIN: 06508030), one of its Independent Directors, completed her second consecutive term and ceased to be a member of the Board and all committees with effect from 11th November 2025. This is a routine disclosure made under SEBI's Listing Obligations and Disclosure Requirements (Regulation 30). The Board placed on record its appreciation for her contributions during her tenure. Under the Companies Act, independent directors can serve a maximum of two consecutive five-year terms, so this cessation was expected and not triggered by any governance concern.
This is a routine, non-event for shareholders — no material impact on operations or stock price. The company will need to fill the vacant Independent Director seat in due course to maintain the required board composition.