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Nilkamal Limited announced that Mr. K. Venkataramanan has ceased to be an Independent Director. This change occurred because his second consecutive term of appointment concluded. His departure marks a shift in the company's board composition. The Board of Directors and management acknowledged and expressed deep appreciation for Mr. Venkataramanan's invaluable contributions, guidance, and services during his association with the company. This update is important for shareholders as it reflects a change in the independent oversight of the company's governance.