Shilchar Technologies Limited has informed the Exchange regarding Cessation of Mr. Zarksis Jahangir Parabia as Non- Executive Independent Director of the company w.e.f. the close of business hours March 13, 2026.
SHILCTECH · price
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Mr. Zarksis Jahangir Parabia, a Non-Executive Independent Director, ceased to be a director of Shilchar Technologies with effect from the close of business hours on March 13, 2026. The cessation is due to the completion of his second consecutive 5-year term as an Independent Director, which is the maximum permitted under the Companies Act. The company has disclosed the details as required under SEBI Listing Regulations. The filing has been signed by the Company Secretary and Compliance Officer, Vishnupriya Civichan.
This is a routine and expected event, as independent directors cannot serve more than two consecutive five-year terms. It is unlikely to have any material impact on the company's operations or stock price, though the board will eventually need to fill the vacancy to comply with minimum independent director requirements.