Next Mediaworks Limited — Others, 15-04-2025: Change in Director(s)

Next Mediaworks Limited has announced a board meeting to appoint Mr. Ishant Juneja, Mr. Suryakant Gupta, and Ms. Pratibha Sabharwal as Independent Directors effective immediately. These appointments are recommended for a five-year term, subject to shareholder approval, to bolster the board's expertise. Simultaneously, the company has accepted the resignations of Independent Directors Mr. Lloyd Mathias and Ms. Suchitra Rajendra, both effective the same day, citing personal and professional commitments as reasons.

This move may be viewed positively by investors as it refreshes the management team with qualified professionals, potentially enhancing governance and strategic direction. However, the departure of experienced directors presents a transitional phase that may introduce short-term uncertainty.