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Awaiting price reaction for this filing.
Ms. Rita Chandrasekar is stepping down as Independent Director from the close of business on July 30, 2025, on completing her second five-year term. To fill the seat, the Board has appointed Ms. Latha Ramanathan as an Additional Independent Director (Non-Executive) effective July 31, 2025, for a five-year term, subject to shareholder approval at the next AGM. Ms. Latha is a Chartered Accountant with about 34 years of experience, including nearly two decades at Big 4 firms KPMG, PwC, and Deloitte in Partner-level roles, and currently heads Economix Consulting Group. She already serves as Independent Director on the boards of SPIC Ltd, Manali Petrochemicals, Tamilnadu Petroproducts, and Dr. Agarwal's Eye Hospital. The Board recorded its appreciation for Ms. Rita's service during her tenure.
This is a routine board renewal with no governance concerns flagged. The incoming director brings strong finance and consulting credentials, which is generally viewed as a positive for board quality, and the change is unlikely to materially affect the stock price.