Saboo Sodium Chloro Independent Director ceases role after five-year term
- Madan Singh Jain ceased as Independent Director on September 23, 2026
- Cessation due to completion of mandatory five-year term
- Committee memberships and chairmanships also ended
- Filing made under SEBI Listing Regulations 2015
*this image is generated using AI for illustrative purposes only.
Saboo Sodium Chloro Limited announced that Madan Singh Jain ceased to be an Independent Director effective close of business hours on September 23, 2026. The cessation follows the completion of his mandatory five-year consecutive tenure as mandated by regulatory norms.
The company informed BSE Limited that Jain’s departure is due to the expiry of his term rather than resignation for other causes. Consequently, his chairmanship and membership in various Board committees also ceased to exist on the same date. The Board acknowledged his contributions and guidance during his association with the firm.
Regulatory Compliance and Disclosure
The intimation was filed pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The disclosure adheres to the SEBI Master Circular dated January 30, 2026, regarding the reporting of changes in directorship.
Key details of the change are outlined below:
| Particulars | Details |
|---|---|
| Director Name | Madan Singh Jain |
| DIN | 09301140 |
| Role | Independent Director |
| Reason for Cessation | Completion of five-year term |
| Effective Date | September 23, 2026 |
Jain confirmed in his formal communication to the Board that there were no material reasons for his departure other than the completion of his statutory term. He expressed gratitude to the board, management, and stakeholders for their support during his tenure. The company will file necessary forms with the Registrar of Companies and other authorities to record this change in its records.
Historical Stock Returns for Saboo Sodium Chloro
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +2.95% | +2.15% | -3.10% | -5.94% | -31.86% | -21.13% |
Who has been appointed as the successor to Madan Singh Jain, and what is their background in the chlor-alkali industry?
How will the transition of committee chairmanships impact Saboo Sodium Chloro's upcoming strategic decisions and governance structure?
Are there any pending regulatory filings or shareholder approvals required to finalize the new independent director's appointment?
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