Independent Director Satyananda Mishra ceases office on completion of second term
Paradeep Phosphates has informed the exchanges that Mr. Satyananda Mishra (DIN: 01807198) has ceased to be an Independent Director.
By ScoutQuest · · 2 min read
- Director DIN
- DIN: 01807198
- Reason for cessation
- completed his second term of three consecutive years
- Effective date of cessation
- close of business hours on November 03, 2026
What the update says
Paradeep Phosphates Ltd has informed the National Stock Exchange and BSE that Mr. Satyananda Mishra (DIN: 01807198) has ceased to be an Independent Director of the Company.
The stated reason is that he completed his second term of three consecutive years as an Independent Director. The change is effective from the close of business hours on November 03, 2026.
Key points in the annexure
- Reason for change: cessation due to completion of second term as an Independent Director.
- Date of cessation: effective from the close of business hours on November 03, 2026.
- Brief profile: marked Not Applicable.
- Disclosure of relationship between Directors: marked Not Applicable.
Why independent directors have fixed terms
Independent directors are appointed for fixed tenures, and a second term requires the approval process laid down in the LODR Regulations. When that second term runs out, the director steps down as an independent director; this is a scheduled end of tenure rather than a resignation or a removal.
That distinction matters when reading the headline: the update's own words are "cessation due to completion of second term", and the exchange category is Retirement.
What it means for shareholders
- Board composition changes with effect from November 03, 2026, as one independent director leaves.
- This is a disclosure of a scheduled event, not a statement about the Company's operations, earnings or finances.
- The update carries no financial figures, no guidance and no comment on the Company's business.
What to watch
- Any subsequent exchange update on the re-constitution of the Board or its committees, including the Audit Committee and other committees that require independent directors.
- Any update on the appointment of a new independent director to fill the vacancy, and the effective date of that appointment.
Summary
The announcement is an intimation of a scheduled end of tenure of an independent director, effective from the close of business hours on November 03, 2026, after a second term of three consecutive years.
Also from Paradeep Phosphates
Audio recording of November 03, 2026 conference call with analysts and investors uploaded on company website
3 Nov 2026
Paradeep Phosphates Q2 FY27: revenue up 7.2%, profit after tax down 64.1%
2 Nov 2026
Paradeep Phosphates Q2 FY27 EBITDA falls 38% YoY to ₹ 431 crore; Phos Acid expansion to 700,000 MTPA on track
2 Nov 2026
More numbers
- Term completed as Independent Directorthree consecutive years
- Term number completedsecond term
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