Independent Director Raj Kumar Gupta Ceases on Completion of Second Term
Zee Media has informed the exchanges that Mr. Raj Kumar Gupta (Independent Director) ceased to be a director from close of business hours on September 30, 2026.
- Director Cessation Date
- September 30, 2026
- Director Name
- Mr. Raj Kumar Gupta
- Director Type
- Independent Director
- Reason for Cessation
- Completion of second term - maximum permissible tenure under Companies Act, 2013
What was shared
Zee Media Corporation Limited informed BSE and NSE that Mr. Raj Kumar Gupta has ceased to be an Independent Director of the Company with effect from the close of business hours on September 30, 2026.
Why he stepped off the Board
- The cessation follows the conclusion of his second term as an Independent Director.
- Under the Companies Act, 2013 and the rules made thereunder, an Independent Director may serve a maximum of two consecutive terms; his tenure has now reached that limit.
- The update records this as completion of tenure, not as a resignation, removal or any dispute.
Committee positions
Along with the directorship, he also ceases to be a member/chairman, as applicable, of the Committees of the Board of Directors, with effect from the same date. Boards typically reconstitute committees after such a change so that the composition requirements continue to be met.
How investors may read it
Tenure-linked exits of Independent Directors are a routine part of corporate governance and are expected events rather than surprises. The perception created is largely neutral, as the change arises from a statutory limit on how long an Independent Director can serve.
The disclosure was made under Regulation 30 read with Schedule III of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015, and was signed by the Company Secretary & Compliance Officer.
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