Frontline Corporation Ltd. Announces Cessation of Independent Director Ms. Aarfea Kutub Kapasi

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Frontline Corporation Ltd. Announces Cessation of Independent Director Ms. Aarfea Kutub Kapasi

Team Finance Saathi

22/Mar/2025

What's covered under the Article:

Ms. Aarfea Kutub Kapasi completes two consecutive terms as Independent Director of Frontline Corporation Ltd.
Cessation letter submitted to the Board of Directors, effective March 22, 2025.
No material reasons other than completion of tenure for the cessation, with no directorship in other listed entities.

On March 22, 2025, Ms. Aarfea Kutub Kapasi officially ceased to be the Independent Director of Frontline Corporation Ltd. following the completion of two consecutive terms of 5 years each. This decision was formalized in a cessation letter addressed to the Board of Directors of the company, confirming her resignation from the post, effective at the close of business hours on March 22, 2025.

The company has complied with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, by disclosing this cessation to the stock exchanges, including the BSE Limited and the Calcutta Stock Exchange, where the company is listed.

Key Points Regarding Ms. Aarfea Kutub Kapasi’s Cessation:

Independent Director: Ms. Kutub Kapasi had been serving as an independent director for the company for two consecutive terms of 5 years each.
Reason for Cessation: The cessation was solely due to the completion of her tenure as per the applicable corporate governance guidelines, with no other material reasons.
No Other Directorships: Ms. Kutub Kapasi also confirmed that she does not hold any directorship or membership in any other listed entities.
Acknowledgment: In her letter, Ms. Kutub Kapasi expressed appreciation for the support of her fellow board members during her tenure and thanked the company for the opportunity to serve as an independent director.

As part of the company's corporate governance practices, the Board of Directors has accepted her resignation and made the requisite disclosures to the stock exchanges.

This cessation marks the end of a significant chapter in the company's leadership. The company will now proceed with its search for a replacement as per regulatory guidelines.

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Frontline Corporation Ltd. Announces Cessation of Independent Director Ms. Aarfea Kutub Kapasi

Key Points Regarding Ms. Aarfea Kutub Kapasi’s Cessation:

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