Somi Conveyor Beltings Limited has informed the Exchange regarding Cessation of Mr Yogesh Maheshwari 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 Yogesh Maheshwari has ceased to be a Non-Executive Independent Director of the company, effective September 30, 2025. The announcement simply notes his departure from the board without specifying the reason (such as completion of tenure, personal reasons, or other causes). No replacement director has been named in this filing. This is a routine board-level change disclosure as required under listing norms.
A single independent director stepping down is generally a routine governance event and unlikely to have a material impact on the stock price. Shareholders should watch for any subsequent filing announcing a replacement independent director to ensure the board continues to meet the required composition norms under SEBI LODR regulations.