Prime Fresh Independent Director Ravi Menon Ends Tenure
Prime Fresh Limited announced that Mr. Ravi Menon ceased to be its Non-Executive Independent Director effective May 20, 2026, upon completing his second consecutive term. The Board acknowledged his contributions. The disclosure was made in compliance with SEBI regulations.
*this image is generated using AI for illustrative purposes only.
Prime Fresh Limited has informed the stock exchanges regarding the completion of the tenure of its Non-Executive Independent Director, Mr. Ravi Menon. The company disclosed that Mr. Menon ceased to hold the position with effect from the close of business hours on May 20, 2026. This development follows the completion of his second consecutive term as an Independent Director on the board.
The Board of Directors and the management of the company expressed their appreciation for the guidance and services rendered by Mr. Ravi Menon during his association with the firm. The intimation was submitted in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Details of the Change
The company provided specific details regarding the change in directorship as required under the relevant SEBI regulations. The cessation was attributed solely to the completion of the director's second term.
| Particulars | Details |
|---|---|
| Name | Mr. Ravi Menon (DIN: 05254365) |
| Reason for change | Due to the completion of the Second Consecutive term as an Independent Director of the Company. |
| Date of cessation | From the Closure of the business hours on May 20, 2026. |
The disclosure was made by Jasmin Jaykumar Doshi, Company Secretary of Prime Fresh Limited.
Historical Stock Returns for Prime Fresh
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +0.66% | +4.83% | -4.00% | -9.85% | +46.97% | +298.25% |
Who will Prime Fresh Limited appoint as the replacement Independent Director, and what expertise profile is the board likely to prioritize given the company's current strategic direction?
How might the vacancy in the Independent Director position affect Prime Fresh Limited's board composition compliance requirements under SEBI regulations, and what is the timeline for filling the role?
Could the departure of Mr. Ravi Menon impact any ongoing board committee responsibilities, such as audit or remuneration committees, and how will Prime Fresh Limited manage these transitions?
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