Tata Investment Corporation Limited has informed the Exchange about Retirement of Vice-Chairman Mr. Farokh Subedar (DIN: 00028428), on attaining the age of 70 years, as Non-Independent - Non-Executive Director of the Company in line with Tata Governance Guidelines adopted by the Company, with effect from the close of business hours on September 24, 2025. The Board of Directors and the Management place on record their deep appreciation for the guidance and contributions of Mr. Subedar during his tenure of more than 20 years on the Board.
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On the reaction day the stock moved 3.7 pts less than Nifty Midcap 150 and 3.3 pts less than its Investment Company peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Tata Investment Corporation has informed the exchanges that its Vice-Chairman, Mr. Farokh Subedar, will retire as Non-Independent, Non-Executive Director effective close of business hours on September 24, 2025. The retirement is on account of him attaining the age of 70, in line with the Tata Governance Guidelines adopted by the company. Mr. Subedar served on the Board for over 20 years, and the Board has recorded its appreciation for his guidance and contributions. The filing has been made under SEBI Listing Regulations, and no replacement appointment has been announced in this disclosure.
This is a planned, policy-driven retirement and not a sudden or governance-related exit, so the impact on shareholders is likely neutral. Investors may want to watch for any subsequent announcement regarding a replacement on the Board.