Somi Conveyor Beltings Limited has informed the Exchange regarding Cessation of Mr Mahendra Rakhecha as Non- Executive Independent Director of the company w.e.f. September 30, 2025.
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Somi Conveyor Beltings Limited has informed the stock exchange that Mr. Mahendra Rakhecha has ceased to be a Non-Executive Independent Director of the company, effective September 30, 2025. The announcement simply notes his cessation without specifying the reason. The company has not disclosed whether a replacement has been appointed or any further details about the transition.
This is a routine board-level change involving one independent director stepping down. Investors should watch for any further announcements regarding the appointment of a replacement independent director, as a fully constituted board with the required number of independent directors is important for corporate governance and continued listing compliance.