Saven Technologies Limited has officially announced the cessation of Mrs. Renuka Ranganathan (DIN: 07131192) as an Independent Director on its Board, effective March 24, 2025, marking the completion of her second term in this role. This development has been communicated to the BSE Limited as per the requirements of Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Key Details of the Cessation

Saven Technologies, through its Company Secretary Jayanthi P, submitted a formal notification to BSE Limited, confirming that Mrs. Ranganathan’s resignation is based on the conclusion of her second term as an Independent Director. The decision to step down follows standard corporate governance practices, and there were no material reasons for her resignation other than those mentioned in her earlier communication.

Confirmation from Mrs. Renuka Ranganathan

In her letter dated March 11, 2025, Mrs. Ranganathan reaffirmed her resignation, stating that she would cease her role as a director of the company at the end of business hours on March 24, 2025. She confirmed that there were no material reasons for her resignation beyond completing her second term. Furthermore, she clarified that she does not hold any directorship in any other listed entity, thereby eliminating any potential conflicts of interest. Mrs. Ranganathan also expressed her gratitude for the cooperation extended to her during her tenure on the board.

Company’s Response and Regulatory Compliance

Saven Technologies confirmed that the confirmation letter from Mrs. Ranganathan, which includes details of her resignation, was duly enclosed with the intimation to BSE. The company ensured compliance with the relevant SEBI regulations, highlighting the cessation of her term without any other pending issues or conflicts.

Conclusion

The resignation of Renuka Ranganathan marks the end of a significant phase in the governance of Saven Technologies Limited. Her tenure as an Independent Director was marked by valuable contributions to the company’s operations. The company has formally communicated the change to BSE and ensured the required disclosures in line with the SEBI Listing Regulations.

Saven Technologies has expressed its appreciation for Mrs. Ranganathan’s leadership and support throughout her term and remains committed to its governance and regulatory standards as it moves forward.

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