Independent Director ceases on completion of first term of two consecutive years
Datamatics Global Services has informed the exchanges that Dr. Avnish Kshatriya (DIN: 10828173), an Independent Director, will cease to hold that office from the close of business hours on November 04, 2026.
By ScoutQuest · · 1 min read
- DIN
- 10828173
- Cessation Date
- close of business hours on November 04, 2026
- Term Completed
- first term of two (2) consecutive years
What the update says
Datamatics Global Services Ltd has told BSE and NSE that Dr. Avnish Kshatriya (DIN: 10828173), an Independent Director, will be completing his term of two (2) consecutive years as an Independent Director on November 04, 2026.
- Consequently, he will cease to be an Independent Director of the company with effect from the closure of business hours on November 04, 2026.
- The reason recorded in the annexure is the cessation of term on account of completion of his first term of two (2) consecutive years.
- The company has placed on record its deep appreciation and gratitude for his extensive contributions and stewardship during his tenure on the Board.
Why the term ends
The update describes this as completion of a term, not a resignation, removal or death. In other words, the directorship ends because the fixed tenure for which he was appointed has run its course. The annexure notes the effective date of cessation as the closure of business hours on November 04, 2026.
What changes for the company
The intimation covers the change in the Board position of one Independent Director. The update records the gratitude of the company for his contributions and stewardship on the Board.
How to read this
This is a tenure-completion intimation under the exchange disclosure rules. The update states the reason as completion of the first term of two (2) consecutive years, and the effective date of cessation as the closure of business hours on November 04, 2026.
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More numbers
- Term completed as Independent Directortwo (2) consecutive years
- First term completed as Independent Director (annexure)first term of two (2) consecutive years
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