Keynote Financial Services Limited has announced the cessation of Mr. Shishir Dalal as an Independent Director of the company upon the completion of his second term of five years. Mr. Dalal’s tenure will conclude at the end of the day on March 31, 2025, following the provisions of Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Official Disclosure in Compliance with SEBI Regulations

As part of its regulatory obligations, Keynote Financial Services Limited informed the BSE Limited and the National Stock Exchange of India Limited (NSE) that Mr. Shishir Dalal’s tenure as Independent Director will end on March 31, 2025. The disclosure is made pursuant to Regulation 30, read with Para A of Part A of Schedule III of the SEBI Listing Regulations.

Details of the Cessation

As per the company’s disclosure:

• Reason for Change: Mr. Shishir Dalal’s second term of five years as an Independent Director will conclude on March 31, 2025, leading to the cessation of his directorship.

• Date of Cessation: Mr. Dalal’s tenure will formally end at the close of business hours on March 31, 2025.

• Membership of Board Committees:

  1. Audit Committee: Chairman

  2. Nomination and Remuneration Committee: Member

Board Acknowledges Contributions

The Board of Directors and the Management expressed their sincere appreciation for the invaluable contributions made by Mr. Shishir Dalal during his association with Keynote Financial Services Limited. Mr. Dalal played a critical role in the company’s corporate governance framework, ensuring compliance with statutory regulations and maintaining high ethical standards.

Regulatory Compliance

The company’s disclosure complies with:

• Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

• Guidelines outlined in SEBI Circular No. SEBI/HO/CFD/CFD-PoD1/P/CIR/2023/123 dated July 13, 2023.

All necessary information related to the cessation has been detailed in Annexure-1 attached with the official communication to the stock exchanges.

Mr. Shishir Dalal’s Contribution to Keynote Financial Services

Throughout his tenure, Mr. Shishir Dalal provided strategic insights and expert guidance to the company’s management. His leadership as Chairman of the Audit Committee and as a Member of the Nomination and Remuneration Committee contributed significantly to maintaining financial discipline and corporate governance standards. His valuable experience in audit and financial controls helped the company steer through regulatory frameworks while enhancing its governance practices.

No Relationship with Other Directors

As stated in the disclosure, Mr. Shishir Dalal is not related to any other directors or key managerial personnel of Keynote Financial Services Limited. This transparency reflects the company’s commitment to governance and regulatory compliance.

Conclusion and Future Outlook

With the completion of Mr. Dalal’s term, Keynote Financial Services Limited will continue its commitment to maintaining corporate governance best practices while identifying suitable candidates to strengthen its board in the future.

The cessation of Mr. Dalal’s directorship will not affect the company’s operational continuity, and Keynote Financial Services remains committed to delivering value to its stakeholders through prudent corporate practices and robust governance standards.

This disclosure reinforces Keynote Financial Services Limited’s dedication to complying with SEBI guidelines and maintaining transparency in its operations.

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