Dear Sir/ Ma''am, Reply to email query received from BSE on an intimation made by the Company dated 26.05.2026 regarding completion of tenure of Independent Director of the Company with ....
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
UTL Industries Ltd has announced that Mr. Samir Vora, Independent Director (DIN: 07521806), has completed his 10-year tenure (second term) and ceased to be an Independent Director effective close of business hours on April 23, 2026. The board of directors, in their meeting on May 25, 2026, recorded their appreciation for his contributions during his association with the company. The company acknowledged a delay in intimation to BSE and requested condonation of the same. This is a routine governance matter as independent directors have a maximum tenure limit of two terms of 5 years each under the Companies Act.
The departure of an independent director reduces board independence and may require the company to appoint a new independent director to maintain the required board composition. Shareholders should monitor for subsequent appointment announcements to ensure compliance with listing requirements.