We regret to inform you about the sad demise of Shri Bharat N. Dave (DIN - 00018347), an Independent Director of the Company on July 16, 2025.
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Stanrose Mafatlal Investments and Finance Ltd has informed the BSE about the passing of Shri Bharat N. Dave (DIN 00018347), who served as an Independent Director of the company, on July 16, 2025. The disclosure was filed under SEBI Listing Regulations (Reg. 30), with the formal intimation dated July 17, 2025 and signed by Company Secretary Soham A. Dave. As per Annexure-1, the reason for cessation is 'Death' and the director did not hold directorships in any other listed entity. The company has expressed condolences and noted that his loss is irreparable.
The company loses one Independent Director and will need to fill the vacancy within the timeframe prescribed under SEBI rules to maintain the required composition of the board. For shareholders, this is a governance-level change that does not directly affect operations but may be viewed neutrally.