Nature of change: Completion of tenure and cessation as Independent Director. Mr. Ajaykumar Vaghani has informed the Company of his decision not to seek re-appointment for a second consecutive term.
Name and DIN: Mr. Ajaykumar Vaghani (DIN: 00186764)
Effective date: Effective closure of business hours on June 22, 2026
Tenure: Completed his current tenure as Independent Director (specific term duration not disclosed)
Profile and qualifications: Not provided in the disclosure
Confirmation of eligibility: Not mentioned in the disclosure
Relationship with other directors: Not disclosed
Previous KMP: Mr. Vaghani held the position of Independent Director until completion of his tenure
Impact assessment: The disclosure does not specify any impact on financial oversight, audit supervision, capital allocation decisions, or strategic continuity
Key Financial or Operational Approvals
Not applicable - No financial or operational approvals are mentioned in this disclosure
Strategic or Business Context
Not applicable - No strategic or business context is provided in this disclosure
Any Other Material Information
Regulatory compliance: Disclosure made under Regulations 30 and 51 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
Master circular reference: SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026
Board appreciation: The Board of Directors placed on record its appreciation for the valuable contribution, guidance and support provided by Mr. Vaghani during his association with the Company
Annexure details:
Reason for change: Completion of tenure as Independent Director
Date of cessation: With effect from close of business hours on June 22, 2026
Brief profile: Not applicable (as this is a cessation)
Disclosure of relationships between directors: Not applicable (as this is a cessation)
