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Awaiting price reaction for this filing.
Spenta International informed the BSE that its Board, via Resolution by Circulation, approved the re-appointment of Mr. Sashikant N. Newatia (DIN: 08793440) as a Non-Executive Independent Director for a second term of 5 years, effective 17th July 2025, subject to shareholder approval at the upcoming AGM. Mr. Newatia, aged 63, holds a B.Com from the University of Mumbai and has experience in manufacturing made-up articles. The filing confirms he is not debarred by SEBI and is not disqualified under Section 164 of the Companies Act, 2013. The communication is signed by Danny Hansotia, Managing Director & CFO.
This is a routine governance update with no material impact on shareholders or the stock. Continuation of an existing independent director supports board continuity, but no operational or financial change is implied.