Key Event Details
Mr. Madan Singh Jain (DIN: 09301140) has completed his term of five consecutive years as an Independent Director and ceased to be the Independent Director of the Company with effect from close of business hours on 23 September 2026.
Committee Positions Impact
Consequent upon the completion of his term as Non-Executive, Independent Director, Mr. Jain's chairmanship in various committees of the Board also ceased to exist.
Resignation Letter Details
The company included Mr. Jain's resignation letter which confirms:
- Resignation effective from close of business hours on 23.09.2026
- Reason: Completion of term of five consecutive years
- Simultaneous resignation from all Committees of the board
- Confirmation that there are no material reasons other than tenure completion for the resignation
Board Acknowledgement
The Board of Directors and Management of the Company placed on record its appreciation for the valuable contribution, guidance and services rendered by Mr. Madan Singh Jain during his association as Independent Director.
Financial Impact
No financial impact quantified in the disclosure. This is a governance change without immediate financial implications.