Shankara Building Products Limited — Others, 14-03-2025: Cessation

Shankara Building Products Limited has announced a board meeting outcome, confirming the cessation of Ms. Jayashri Murali as an Independent Director effective March 18, 2025. The Board has proposed Ms. Sujatha G as an Additional Independent Director for five years, pending shareholder approval via a Postal Ballot Notice. Additionally, the Board has reconstituted key committees, including Audit and Risk Management, enhancing governance structures. This transition may positively impact investor sentiment by injecting fresh expertise into the Board while maintaining continuity with seasoned directors, potentially reinforcing confidence in the company's strategic direction.