Nagarajan Subramanian has ceased to be an Independent Director of KDDL Limited on July 27, 2026, marking the end of his tenure on the Board. The company notified the National Stock Exchange of India Limited and BSE Limited of this change, citing the completion of his term as the sole reason for his exit from the governing body. This departure is a routine corporate governance event resulting from the natural expiration of a fixed-term directorship rather than a resignation due to disagreement or removal by shareholders.

The disclosure was made pursuant to Regulation 30 read with Schedule III of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The filing was signed by Brahm Prakash Kumar, Company Secretary, on July 28, 2026, and references SEBI Master Circular No. HO/49/14/14(7)2025- CFD-POD2/I/3762/2026 dated January 30, 2026. The intimation confirms that no new director was appointed simultaneously to replace him in this specific filing.

Director Cessation Details

The particulars provided in Annexure A of the intimation confirm that Mr. Nagarajan Subramanian (DIN: 02406548) stepped down voluntarily upon the expiry of his appointment period. The company has updated its regulatory records to reflect the current composition of the Board.

The exit of an independent director at the end of their term is standard practice under corporate governance norms, ensuring periodic refreshment of board oversight. KDDL Limited has complied with all mandatory disclosure timelines by informing the exchanges within the prescribed period following the cessation date.

KDDL Limited confirmed that its promoters and promoter group did not encumber any shares, directly or indirectly, during the financial year ended 31 March 2026. This disclosure ensures that the shareholding structure remains free of pledged securities, providing stability to the company's equity base. The confirmation was submitted to the National Stock Exchange of India (NSE) and BSE Limited as part of regulatory compliance requirements.

The declaration was made pursuant to Regulation 31(4) and 31(5) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. Yashovardhan Saboo, a promoter of the company, provided the confirmation on behalf of the entire promoters and promoter group. The filing was signed on 3 April 2026 in Chandigarh.

Promoter and Promoter Group Details

The disclosure included an annexure listing the Permanent Account Number (PAN) details of the promoters and promoter group members. The list comprises individuals and entities associated with the company.