Kalyan Jewellers India Limited (KALYANKJIL) — Announcement

📢 Key Event
Mr. ADM Chavali ceased as Non-Executive Independent Director upon completing his second consecutive tenure as required by SEBI regulations.

🔄 What Changed
Board composition reduced by one independent director; board independence level temporarily decreased until replacement appointed.

💡 Investor Takeaway
The mandatory departure reduces near-term board independence, though compliance with SEBI tenure limits demonstrates regulatory adherence; investors should monitor replacement timeline.

⚠️ Risks
Temporary reduction in independent director count may impact board oversight and governance effectiveness until replacement is appointed.

Kalyan Jewellers announced the cessation of Mr. ADM Chavali as Non-Executive Independent Director effective March 27, 2026, following completion of his second consecutive tenure. The departure is mandated by SEBI Listing Obligations regulations, which restrict independent directors to a maximum of two consecutive terms. This reduces board independence pending replacement appointment.

📄 View Original Announcement (PDF)

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