Retirement of Independent Director for completion of terms
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Two independent directors of the company have retired effective September 28, 2025, after completing two consecutive five-year terms (10 years each) as permitted under SEBI listing rules. The retiring directors are Mr. Suryakant Kadakane (DIN: 02272617) and Mr. Vipin Champawat (DIN: 06369837). The company has filed the required disclosures under Regulation 30 of the SEBI LODR Regulations. No reasons beyond term completion have been cited.
This is a routine governance event with no negative implication — the exits are due to the mandatory 10-year term cap for independent directors. Shareholders should expect the company to appoint replacement independent directors to fill the vacancies and maintain board composition norms.