Vardhman Holdings Limited has informed the Exchange regarding Cessation of Mr. Rajeev Mittal as Non- Executive Independent Director of the company on the conclusion of 61st Annual General Meeting of the Company held on September 24, 2025.
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Vardhman Holdings has informed the stock exchanges that Mr. Rajeev Mittal (DIN: 00765697) has ceased to be a Non-Executive Independent Director of the company. This change took effect at the conclusion of the 61st Annual General Meeting held on September 24, 2025, upon the completion of his second consecutive term as an independent director. The AGM ran from 12:45 p.m. to 1:05 p.m. on that day. The disclosure has been made under SEBI's Listing Obligations and Disclosure Requirements Regulations, 2015.
This is a routine, regulation-driven change with no negative implications. Independent directors are required by law to step down after completing two consecutive five-year terms, and Mr. Mittal's exit is simply a result of that rule. Shareholders should not read this as any governance concern or signal of board instability.