Saksoft Limited has informed the Exchange about change in Management
SAKSOFT · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Saksoft Limited has disclosed that Mr. VVR Babu (DIN: 07234186), Non-Executive Independent Director, has ceased to hold office effective May 26, 2026. The departure was due to the completion of his second consecutive 5-year term as an Independent Director (10 years total). This is a standard tenure completion as per SEBI regulations, which mandate a maximum two terms of 5 years each for independent directors. The company has filed this disclosure under Regulation 30 of the SEBI Listing Regulations.
This is a routine board transition reflecting regulatory compliance rather than a governance concern. No immediate impact on operations is expected, though the board will need to fill this vacancy to maintain independent director composition.