Cessation of Independent Directors upon completion of their tenure
VIJAYA · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Vijaya Diagnostic Centre Ltd announced that two Non-Executive Independent Directors - Mr. Shekhar Prasad Singh and Mr. Satyanaryana Murthy Chavali - have ceased to be directors upon completion of their tenures, effective May 25, 2026. The company expressed appreciation for their valuable services and contributions. One of the departing directors, Mr. Satyanaryana Murthy Chavali, also held directorship positions in Gland Pharma Limited including chairing multiple committees. The other director had no listed company directorships. The company filed this intimation under Regulation 30 of SEBI Listing Regulations.
The departure of two independent directors simultaneously reduces board independence and may require the company to appoint replacements to comply with SEBI mandates requiring at least half of the board to comprise independent directors. Investors should watch for new independent director appointments.