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Awaiting price reaction for this filing.
Tuticorin Alkali Chemicals and Fertilizers Limited has informed the BSE that Mr. Venkatesh Iyer, a Senior Management Personnel (SMP) of the company, has been relieved from his duties effective the close of business hours on 30th June 2025. The company has clarified that his departure is solely due to the completion of his contractual tenure and that there are no other material reasons for the exit. The intimation was filed under SEBI's Listing Obligations and Disclosure Requirements Regulations, read with the relevant SEBI circular. The communication was signed by Company Secretary C.S. Vijayalakshmi on 11 July 2025.
This is a routine, planned departure tied to the end of a fixed-term contract with no adverse reasons cited, so it is unlikely to materially affect the stock or shareholder sentiment. Investors may want to watch for any subsequent announcement regarding a replacement or change in strategic responsibilities.