Salona Cotspin Limited has informed the Exchange regarding Cessation of Mrs Meenakumari Shanmugam as Non- Executive Independent Director of the company w.e.f. September 20, 2025.
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Awaiting price reaction for this filing.
Salona Cotspin Limited has informed the stock exchange that Mrs Meenakumari Shanmugam has ceased to be a Non-Executive Independent Director of the company, effective September 20, 2025. The company has not disclosed the reason for her departure in this filing. No replacement appointment has been announced alongside this news. Investors will need to wait for further updates from the company on any new director appointment to fill this vacancy.
The exit of an independent director may temporarily reduce the strength of the board, which could raise minor governance concerns. The stock price is unlikely to move significantly unless the company announces a replacement or clarifies the reason for her departure.