Mr. Rakesh Desai ceased to be Director w.e.f 29th September, 2025 upon completion of his two terms.
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Mr. Rakesh Thakorbhai Desai (DIN: 00152982), a Non-Executive Independent Director of Tivoli Construction Ltd, ceased to hold his position on 29th September 2025 after completing his second and final consecutive term as mandated under company law. This is a routine regulatory disclosure under SEBI LODR Regulations, 2015, and does not involve any resignation or governance concern. The letter is signed by Nilesh Shreechand Gupta, Additional Director, confirming the disclosure.
This is a routine, non-event for shareholders — the director's exit is statutory and pre-scheduled; it does not affect company operations or signal any governance issue. No share price impact expected.