Independent Director Sonali V. Chitalkar ceases office on completion of second term

Ms. Sonali V. Chitalkar (Non-Executive Independent Director) ceases to hold office w.e.f. 28 September 2026 on completion of her second term.

Mon 28 Sep 2026

Director Name

Ms. Sonali V. Chitalkar

Director Position

Non-Executive Independent Director

Cessation Date

28 September 2026

Reason for Cessation

Completion of second term

What happened

Ms. Sonali V. Chitalkar, a Non-Executive Independent Director, ceases to hold office with effect from 28 September 2026, on completion of her second term as an Independent Director.

Why it happens

• Under the Companies Act, 2013, an Independent Director can serve a maximum of two consecutive terms, after which the tenure automatically ends.
• The update states the reason as cessation upon completion of tenure, not resignation.

For investors

• Board composition changes, but the exit is a scheduled, rule-driven one.
• The disclosure was made to BSE under Regulation 30 of SEBI LODR.

The communication was signed by Managing Director Anurag Rathi.

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