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Mr. Vikas Giya's term as an Independent Director of Happy Forgings Limited will conclude at the close of business hours on January 30, 2025. This change marks the end of his tenure and signals a transition in the company's governance structure. The company has indicated no immediate appointment to replace Mr. Giya, which may create an opportunity for new perspectives in leadership. Investors may view this leadership change as a potential risk regarding continuity, but also as a chance for fresh strategic initiatives moving forward.