Mr. Rakesh Desai ceased to be Director w.e.f 29th September, 2025 upon completion of two terms.
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Mr. Rakesh Thakorbhai Desai (DIN: 00152982) has ceased to be a Non-Executive Independent Director of Tivoli Construction Ltd with effect from 29th September, 2025, upon completion of his second and final consecutive term. The company has disclosed this under Regulation 30 of the SEBI (LODR) Regulations, 2015, and has attached the required annexure with details. No reasons beyond the natural end of tenure are mentioned, and no new appointment has been announced in this filing. The communication is signed by Nilesh Shreechand Gupta, Additional Director of the company.
This is a routine governance event with no material impact on the stock. The company will need to appoint a new independent director in due course to maintain the required board composition under SEBI rules.