1. The second consecutive term of Mr. Vasudevan Sridharan (DIN: 07487245) as an Independent Director of the Company concluded upon completion of his tenure with effect from the close of ....
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Mr. Vasudevan Sridharan's second consecutive term as Independent Director of SDC Techmedia Ltd concluded on April 21, 2026, upon completion of his tenure. He subsequently submitted a resignation letter dated May 07, 2026, effective the same date, and ceased to be a member of the Audit Committee and Nomination and Remuneration Committee. In his resignation letter, he confirmed there are no material reasons for his departure other than tenure completion. The Board has appointed Ms. Kanchan Jhawar as an Additional Director (Non-Executive, Independent) effective May 07, 2026, for a term of 5 years, subject to shareholder approval at the ensuing general meeting. Ms. Jhawar is a qualified Company Secretary with 11 years of experience in Corporate Law and Finance and is not related to any existing director.
The departure of an experienced independent director could raise minor concerns, but the immediate replacement with a qualified professional maintains board independence and continuity, limiting any negative market impact.