Intimation of Completion of Tenure of Independent Directors of the Company. The details are stated in the enclosed letter.
TVSELECT · price
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TVS Electronics informed the stock exchanges that two Independent Directors — Mr. Muthuswami Lakshminarayan (DIN: 00064750) and Mr. Mohammed Fayazuddin Farooqui (DIN: 01910054) — have completed their second and final consecutive 5-year term as Independent Directors. Consequently, they ceased to hold office as Independent Directors with effect from the close of business hours on 5th May 2025. The Board placed on record its appreciation for their contributions during their tenure. The disclosure is being made under Regulation 30 of the SEBI Listing Regulations, with the required details enclosed as Annexure-A.
This is a routine and expected governance event, as independent directors can serve a maximum of two consecutive terms of five years each under Indian company law. It is not a sudden exit or a negative signal; the company will need to appoint new independent directors in due course to maintain board composition requirements.