CEAT Limited — Others, 18-02-2025: Resignation

Mr. Ranjit Vasant Pandit, a Non-Executive Independent Director of CEAT Limited, has announced his resignation from the Board, effective at the close of business on March 2, 2025, after nearly ten years of service. He indicated no material reasons for his departure beyond the completion of his tenure. This change may signal a transition in the company's governance structure, potentially influencing the strategic direction. Investors may view this as a neutral impact, with no immediate risks identified, but it could prompt discussions around board composition and leadership continuity moving forward.