Sakar Healthcare Limited has informed the Exchange regarding Cessation of Mr Shailesh B. Patel as Independent Director of the company w.e.f. September 23, 2025 upon completion of second term
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Sakar Healthcare Limited has informed the stock exchanges that three Independent Directors have ceased (or will cease) to be on the Board. Mr. Prashant C. Srivastav and Mr. Shailesh B. Patel ceased to be Independent Directors on September 23, 2025, upon completion of their second term at the conclusion of the 21st Annual General Meeting. Additionally, Mr. Hemendrakumar C. Shah will cease to be an Independent Director on September 27, 2025, upon completion of his tenure. The Board has recorded its appreciation for the contributions of all three directors during their association with the company.
This is a routine end-of-tenure transition with no governance concerns flagged. However, the loss of three Independent Directors in quick succession means the company will need to appoint new Independent Directors soon to maintain the minimum required composition of the Board under SEBI and Companies Act norms.