SAKSOFT · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Saksoft Limited has announced that Mr. VVR Babu has ceased to be an Independent Director of the Company with effect from May 26, 2026. The cessation is due to the completion of his second consecutive term of 5 years each as an Independent Director, totalling 10 years on the board. This is a standard regulatory requirement under SEBI guidelines which limit independent director tenure to two consecutive terms of 5 years. The disclosure was made on May 29, 2026 by VP-Company Secretary Meera Venkatramanan.
This is a routine governance change with no adverse implications for the company. The stock may see minimal reaction as the director completed a full tenure rather than resigning early. The company will need to appoint a new independent director to fill the vacancy and maintain board composition as per listing requirements.