This is to inform that Mr. Ajit Shah has completed his second term of 5 consecutive years as an Independent Director of the Company on the close of business hours of 19 October 2025 and ....
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Sunshield Chemicals has informed the stock exchange that Mr. Ajit Shah (DIN: 02396765) has completed his second consecutive 5-year term as an Independent Director on 19 October 2025, and has consequently ceased to be a Director and member of various Board Committees. As per the Companies Act, an Independent Director can serve up to two consecutive terms of five years each, so this marks the end of his maximum allowed tenure. The Board has recorded its appreciation for his contribution over the past 10 years, particularly in the company's growth and transition. The company will need to appoint a new Independent Director to maintain the required board composition.
This is a routine regulatory disclosure about the end of a director's maximum tenure and is unlikely to materially affect the stock price. Shareholders should watch for the appointment of a replacement Independent Director to ensure compliance with board composition norms.