Independent Director Anurag Patni Ceases Office on Completion of Second and Final Term
Independent Director Mr. Anurag Patni (DIN: 07580695) has ceased to be a director of Baid Finserv from the close of business hours on October 21, 2026, on completion of his second and final term of five consecutive years.
By ScoutQuest · · 1 min read
- DIN
- 07580695
- Cessation Date
- close of business hours on October 21, 2026
- Reason
- completion of his second and final term of five consecutive years
What the update says
Baid Finserv Ltd has informed the stock exchanges that Mr. Anurag Patni (DIN: 07580695) has ceased to be an Independent Director of the company. The change took effect from the close of business hours on October 21, 2026. The reason stated is completion of his second and final term of five consecutive years as an Independent Director.
How this came about
- The company had written to the exchanges about this earlier, in a letter dated August 13, 2026.
- The present letter confirms that the term has ended and the directorship has ceased.
- The update words the event as "cessation upon completion of the second and final term of five consecutive years as an Independent Director of the Company".
Details given in the annexure
- Terms of appointment / re-appointment: Not Applicable
- Brief profile: Not Applicable
- Disclosure of relationships between directors: Not Applicable
- Information required under the SEBI circular dated June 14, 2018 and the BSE and NSE circulars dated June 20, 2018: Not Applicable
These rows are marked Not Applicable because the disclosure concerns a director leaving the board, not a fresh appointment.
What it means for a retail investor
- An independent director has left the board at the end of a defined term of five consecutive years; the update describes it as cessation on completion of term, not as a resignation.
- Independent directors are part of the board's oversight of the management, so the board's composition changes with this exit.
- This is a governance and board-composition update, and the letter states that it will also be placed on the company's website.
Also from Baid Finserv
Board meeting on November 03, 2026 to consider and approve Q2 and H1 results
23 Oct 2026
Nil re-lodgement requests for physical share transfers in September 2026
7 Oct 2026
CARE BBB; Stable / A3 reaffirmed on Rs. 305.00 crore bank facilities
30 Sep 2026
More numbers
- Term completed as Independent Directorfive consecutive years
- Term in office at cessationsecond and final term
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