Announcement under Regulation 30(LODR) - Retirement of Independent Director Mr. R Sukumar.
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Stanpacks (India) Limited informed the BSE that Mr. Radhakrishnan Sukumar (DIN: 03621162), a Non-Executive Independent Director, retired from the board after completing his second and final term. His tenure ended at the conclusion of the 34th Annual General Meeting held on 28 August 2025. The board thanked him for his leadership and contribution during his time as an independent director. The company has disclosed the required details under SEBI's Regulation 30 and the July 2023 SEBI circular via Annexure A. No reasons beyond completion of tenure were cited, and there is no indication of any disagreement or governance concern.
This is a routine, planned retirement due to the regulatory cap on independent director tenure and is unlikely to have any material impact on the stock price or operations. Shareholders should watch for the appointment of a replacement independent director to maintain the board's composition requirements.