Independent Director Shobhaben Bharatbhai Ramani ceases on completion of second term

Mrs. Shobhaben Bharatbhai Ramani has completed her second term as Independent Director and ceased to be a director from the close of business hours on September 29, 2026.

Wed 30 Sep 2026

Director Name

Mrs. Shobhaben Bharatbhai Ramani

Position

Independent Director

Cessation Date

September 29, 2026

Reason

Completion of second term

What happened

Mrs. Shobhaben Bharatbhai Ramani has completed her second term as an Independent Director of the company. She ceased to be an Independent Director with effect from the close of business hours of September 29, 2026.

Key points

• Reason for the change: completion of second term as an Independent Director, not a resignation or removal.
• The Board and management placed on record their appreciation for her contributions, guidance and services.
• The intimation was made to BSE under Regulation 30 of the SEBI Listing Regulations.

How to read it

Under Indian rules, an independent director can serve a maximum of two consecutive terms, after which cessation is a scheduled, expected event. Such an exit is generally viewed as routine board rotation rather than a governance dispute.

The information is also available on the company's website.

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