Regarding Completion of Tenure of an Independent Director
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Universal Autofoundry Ltd has informed the stock exchanges that Mr. Ullal Ravindra Bhat (DIN: 00008425) has completed his second and final term as an Independent Director and stepped down from the board effective close of business hours on August 28, 2025. This is a scheduled end of tenure, not a resignation or removal. The Board has recorded its appreciation for his contributions. The filing is a routine regulatory disclosure under SEBI Listing Regulations. No replacement appointment details have been mentioned in this filing.
This is a routine, pre-planned exit of one Independent Director and is unlikely to materially affect the stock price. Shareholders should watch for any subsequent announcement regarding the appointment of a new Independent Director to fill the vacancy.