Intimation for Cessation of the Independent Director (Non-Executive) of the Company with effect from May 28, 2025
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Tasty Dairy Specialities Ltd has informed the stock exchange that Mr. Narendra Shankar Sathe (DIN: 07195257) will cease to be an Independent Director (Non-Executive) of the company with effect from the close of business hours on May 28, 2025. The cessation is on account of the completion of his second consecutive five-year term as an Independent Director, as permitted under the SEBI Listing Regulations. The company has recorded its appreciation for his contributions during his tenure. The requisite disclosure under Regulation 30 of the SEBI Listing Regulations has been furnished.
This is a routine, regulatory-driven change with no negative connotation — the director completed his full permitted tenure. It is unlikely to have any material impact on the company's operations or stock price, though the board will need to fill the vacancy to maintain the required composition of independent directors.