Pursuant to Regulation 30 of the SEBI (LODR) Regulations, 2015, this is to inform you that the Second consecutive term of Mr. Mihir Bhatia (DIN: 06535259) has completed and consequently, ....
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Welterman International Ltd has informed the stock exchanges that Mr. Mihir Bhatia (DIN: 06535259) has completed his second consecutive term as Non-Executive Independent Director of the company. Consequently, he ceased to be a Director and also stepped down from Board committees with effect from the close of business hours on March 29, 2025. The Board has recorded its appreciation for his contributions and guidance during his tenure. The disclosure has been made as required under Regulation 30 of SEBI's Listing Regulations.
This is a routine governance update due to the natural end of a director's tenure rather than a resignation, so it is unlikely to have any material impact on the stock price. Investors may want to watch for whether the company appoints a replacement independent director in due course to maintain board composition requirements.