Cessation of Independent Director pursuant to completion of tenure.
SUZLON · price
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Suzlon Energy Ltd announced that Mr. Gautam Doshi has ceased to be an Independent Director of the company with effect from 4th May 2026, following the completion of his second term on 3rd May 2026. Mr. Doshi served as chairman of the Audit Committee and was also a member of the Risk Management Committee and CSR & ESG Committee. His departure is a standard tenure completion as per regulatory requirements for Independent Directors, who are limited to two terms of five years each. The company expressed appreciation for his contributions during his tenure.
This is a routine board change due to regulatory term limits and does not indicate any governance concerns or performance issues. Shareholders should expect the company to appoint a new Independent Director in due course to maintain board composition as per listing requirements.