Independent Director ceases on completion of first term of five consecutive years
El Forge Ltd has told BSE that Mr. S. Balakrishnan (DIN: 08723052) has ceased to be an Independent Director of the company.
By ScoutQuest · · 1 min read
- Director DIN
- 08723052
- Effective Date of Cessation
- close of business hours on 12th October 2026
- Reason / Term Completed
- completion of his first term of five consecutive years
El Forge Ltd has informed BSE that one of its Independent Directors has ceased to hold office.
What the update says
- Mr. S. Balakrishnan (DIN: 08723052) has ceased to be an Independent Director of the company.
- The cessation is effective from the close of business hours on 12th October 2026.
- The reason given is completion of his first term of five consecutive years, and the company describes the event as retirement.
Why the wording matters
The update uses the word retirement and the phrase completion of a term. It is not a resignation, a removal or a death. Independent directors are appointed for a fixed term, and this update records the end of that term.
The Annexure A disclosure
- Reason for change: Retirement of Mr. S. Balakrishnan, Independent Director.
- Date of cessation and term: from the close of business hours of 12th October 2026.
- Brief profile (in case of appointment): Not Applicable.
- Disclosure of relationships (in case of appointment): Not Applicable.
The two Not Applicable entries are part of the standard format, which covers appointments as well as cessations; they are filled in only when a new director is being appointed.
How a shareholder can read this
This is a board-composition update. The company has recorded the end of one Independent Director's tenure and the date from which it takes effect. The intimation is signed by R Sowmithri, Company Secretary and Compliance Officer.
More numbers
- Term completed as Independent Directorfirst term of five consecutive years
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