Sutlej Textiles and Industries Limited has informed the Exchange regarding Cessation of Smt Sonu Bhasin as Independent Director of the company w.e.f. close of business hours on May 06, 2025.
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Sutlej Textiles and Industries Limited has informed the stock exchanges that Smt. Sonu Bhasin (DIN 02872234) has completed her second consecutive 5-year term as an Independent Director of the company on May 6, 2025. She ceases to hold the position of Independent Director with effect from the close of business hours on that date. This is a routine end-of-tenure event, with no reason related to resignation, removal, or any governance concern cited. The company has made the required disclosures under SEBI Listing Regulations and posted the information on its website.
This is a routine, regulatory-driven exit after completing the maximum two terms allowed for an independent director. No negative implications for shareholders or the stock; the board will need to fill the vacancy in due course.