Independent Director Ceases on Completion of Second Term
Mr. Kamlesh Rajani Chunilal (DIN: 07588417) has ceased to be an Independent Director of the company.
- Director Name
- Mr. Kamlesh Rajani Chunilal
- DIN
- 07588417
- Position Ceased
- Independent Director
- Effective Date
- September 30, 2026
- Reason for Cessation
- Completion of second term as Independent Director
What was announced
KMS Medisurgi Limited has intimated BSE under Regulation 30 of SEBI LODR that Mr. Kamlesh Rajani Chunilal (DIN: 07588417) has ceased to be an Independent Director of the company.
- Reason: completion of his second term of appointment as an Independent Director
- Date of cessation: September 30, 2026, with effect from the close of business hours
- Intimation dated October 01, 2026, signed by Managing Director Siddharth Kanakia
How to read it
An Independent Director is a board member with no material relationship with the company, expected to bring an impartial view. Under the listing rules such a director may serve up to two consecutive terms, after which the tenure naturally ends. Here the exit is described as arising from completion of that second term, not from a resignation, removal or disagreement.
Other details disclosed
- Directorship in any other listed company: Nil
- Board committee update: Nil
- Disclosure of relationship between directors: Not Applicable
The Board and management placed on record their appreciation for his contributions, guidance and services during his tenure. The information has also been made available on the company's website.
What investors may watch
A board-level change is largely administrative in nature, but investors typically track whether the company's board composition continues to meet the required balance of independent directors, and any subsequent announcement on a new appointment.
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