Three Independent Directors Cease on Completion of Tenure

Three Independent Directors — Mr. K. Kathirvel, Mr. R. Krishnaswamy and Mr. G. S. Swaminathan — ceased to be directors on 28.09.2026 on completion of their term.

Tue 29 Sep 2026

Directors Ceased

Mr. K. Kathirvel, Mr. R. Krishnaswamy and Mr. G. S. Swaminathan

Cessation Date

28.09.2026

Reason for Cessation

Completion of prescribed tenure

What happened

CG-VAK Software and Exports Limited told BSE that three Independent Directors completed their term of office on 28.09.2026 and ceased to hold office from that date.

Who stepped off the Board

• Mr. K. Kathirvel, Independent Director
• Mr. R. Krishnaswamy, Independent Director
• Mr. G. S. Swaminathan, Independent Director

Reason stated

The company states the cessation is solely on account of completion of the prescribed tenure, and is not due to resignation, removal or disqualification. Independent Directors in India serve for fixed terms, so an exit of this kind is a scheduled event rather than a dispute.

How investors may read it

Three independent seats changing at once is a meaningful change in Board composition, and investors typically watch for how the Board is reconstituted and how committee roles are filled. The Board placed on record its appreciation for the contribution, guidance and support of the three directors during their tenure.

The disclosure was signed by the Company Secretary, Harcharan. J.

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