Key Details of Cessation
Shri A. K. Kothari (DIN: 00051900) will cease to be an Independent Director of the company effective 25th July, 2026. This follows the completion of his second consecutive five-year term, which commenced on 25th July, 2021 and ended on 24th July, 2026. His re-appointment for this second term was approved by members at the 74th Annual General Meeting held on 16th September, 2021.
Committee Roles Impact
Consequent to the completion of his term, Shri Kothari's membership and chairmanship in various committees of the Board also cease to exist effective 25th July, 2026.
Management Acknowledgement
The Board of Directors and Management placed on record its deep appreciation for his invaluable contributions, presence and active participation at Board/Committee meetings, structural guidance, strategic advice, and services rendered during his tenure.
Regulatory Compliance Details
The disclosure includes Annexure-A providing details as required under Regulation 30 read with Schedule III of SEBI LODR Regulations, 2015 and SEBI Master Circular no. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated 30th January, 2026. The annexure specifies:
- Reason for change: Completion of term of office
- Date of cessation: 25th July, 2026
- Other fields (brief profile, relationships between directors, additional information) marked as not applicable
Financial Impact
No financial impact quantified in the disclosure.