Completion of tenure second consecutive term of Mr. Vasudevan Sridharan as the Independent Director of the Company.
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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 statutory tenure. He subsequently submitted a formal resignation letter dated May 07, 2026, effective from the same date. As a result, he ceased to be a member of both the Audit Committee and the Nomination and Remuneration Committee. To fill the vacancy, the Board approved the appointment of Ms. Kanchan Jhawar as an Additional Director (Non-Executive, Independent) effective May 07, 2026, for a 5-year term (May 07, 2026 to May 06, 2031), 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 she is not related to any existing director.
The change reflects routine board transition following the completion of an independent director's maximum permitted tenure. The appointment of a new independent director subject to shareholder approval is standard practice, and no immediate material impact on operations is expected.