Sita Sunil has completed her 1st term of 5 year as ID, ceased to be director of the company with effect from the closure of business hours on 6th April, 2026
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Sita Sunil (DIN: 00041722) has finished her first five-year stint as an Independent Director of Simplex Papers Ltd and stepped down from the board with effect from the close of business hours on 6th April, 2026. She also gave up her roles as Chairperson of the Audit Committee and the Nomination & Remuneration Committee, and as a Member of the Stakeholders' Relationship Committee. The remaining three-member board — Manish Harshey (Independent), Shekhar Singh (Non-Executive) and Fatima Fernandes (Non-Executive) — has been reconstituted, with Manish Harshey taking over as Chairperson of all three committees from 7th April, 2026. The board has recorded its appreciation for Sita Sunil's contributions during her tenure. This is a routine, scheduled end-of-term exit and not a mid-tenure resignation.
For shareholders this is a routine governance update — a long-serving Independent Director has rotated off the board after completing her full term, which is standard under SEBI rules. With the remaining board now consisting of only one Independent Director, the company may need to appoint a new Independent Director soon to meet the minimum composition requirements, but there is no negative implication for the stock or shareholders.