Satyam Silk Mills Intimates Completion of Independent Director Ms. Disha Jain's Term
Satyam Silk Mills Limited intimated the stock exchange about the completion of Ms. Disha Jain's (DIN – 07716625) first term as Independent Director, effective 6th May, 2026. Appointed at the 38th AGM on 27th August, 2021 for five consecutive years, she has opted not to seek re-appointment. The filing was made pursuant to SEBI circular SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated 13th July, 2023, and signed by Director Rohitkumar Mishra (DIN: 09515492).
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Satyam Silk Mills Limited has notified the stock exchange regarding the completion of the first term of Ms. Disha Jain (DIN – 07716625) as an Independent Director of the company, effective 6th May, 2026. The intimation, dated 7th May, 2026, was submitted pursuant to SEBI circular SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated 13th July, 2023.
Appointment and Term Details
Ms. Disha Jain was appointed as an Independent Director of Satyam Silk Mills at the company's 38th Annual General Meeting held on 27th August, 2021. Her appointment was for a term of five consecutive years, commencing 7th May, 2021 and concluding 6th May, 2026. Upon the close of business hours on 6th May, 2026, her first term stood completed.
Decision Not to Seek Re-Appointment
Ms. Disha Jain has expressed her intention not to seek re-appointment for a second term as Independent Director upon completion of her first term. The cessation is attributed solely to the completion of her prescribed tenure and does not involve resignation, removal, or any other cause.
The following details have been furnished in accordance with the applicable SEBI circular:
| Parameter: | Details |
|---|---|
| Reason for Change: | Completion of 1st term as an Independent Director |
| Date of Cessation: | 6th May, 2026 |
| Brief Profile (Appointment): | Not Applicable |
| Disclosure of Relations Between Directors: | Not Applicable |
Regulatory Compliance
The intimation has been filed in compliance with SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated 13th July, 2023. The communication was signed by Rohitkumar Mishra, Director (DIN: 09515492), on behalf of Satyam Silk Mills Limited, and addressed to the Secretary of BSE Limited.
Historical Stock Returns for Satyam Silk Mills
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
Who is Satyam Silk Mills considering as a potential replacement for Ms. Disha Jain to maintain board independence and regulatory compliance?
How might the vacancy in the Independent Director position affect Satyam Silk Mills' board committee compositions and governance structure going forward?
Will the departure of Ms. Disha Jain trigger any mandatory reconstitution of audit or other statutory committees at Satyam Silk Mills?
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