Intimation regarding Cessation and Disqualification of Ms. Nivedita Bisht (Din No:02689876) as Non-Executive Independent Director w.e.f 01.10.2018.
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Sidh Automobiles has informed BSE about a correction to its corporate information records regarding Ms. Nivedita Bisht, who served as a Non-Executive Independent Director. She was originally appointed on May 27, 2010, and ceased to hold office with effect from October 1, 2018. She has also been disqualified from holding any directorship under the Companies Act, 2013, a fact already disclosed in the company's FY2018-19 Annual Report. The filing is essentially a record-cleaning exercise to align BSE's database with MCA records, as many of her other directorships are linked to companies that are now struck off.
This is an administrative backdated correction of events from 2018 already disclosed in past annual reports, so it has minimal impact on current shareholders or stock price. However, it highlights a past governance issue with an independent director's disqualification, which investors may want to note as a historical compliance flag.