Skipper Limited, a prominent company in the infrastructure sector, has announced the cessation of Ms. Mamta Binani’s directorship from March 31, 2025, after she completes her second consecutive term as an Independent Director. The decision follows the provisions under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Official Disclosure under SEBI Regulations

As per the requirements of SEBI Listing Regulations, Skipper Ltd. has disclosed the cessation of Ms. Mamta Binani’s directorship with effect from the closing of business hours on March 31, 2025. This move is in line with the regulations for Independent Directors who can serve for two consecutive terms. The company also acknowledged her significant contribution during her tenure.

Details of the Cessation

According to the official filing, the cessation of Ms. Binani’s directorship is due to the completion of her second consecutive term as an Independent Director. Her tenure will conclude with effect from March 31, 2025. The company also confirmed that no further appointments will be made at this time.

The Board of Directors and Management expressed their appreciation for the valuable contributions made by Ms. Binani to the company during her tenure, highlighting her role in ensuring corporate governance and strategic development.

Regulatory Compliance

The company’s disclosure complies with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and Schedule III of the Listing Regulations. In addition, the information has been provided in line with the guidelines outlined in SEBI Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024. The complete details of the cessation of directorship, as required, are included in Annexure I.

Ms. Mamta Binani’s Background and Contribution

Although the company did not provide an updated profile in this disclosure, Ms. Mamta Binani has been recognized for her extensive experience in corporate governance and her role in ensuring the company’s compliance with regulations. Throughout her tenure, Ms. Binani contributed valuable insights to the Board of Directors, playing an instrumental role in overseeing key decisions and maintaining the company’s commitment to corporate integrity.

No Relationship with Other Directors

As per the company’s filing, Ms. Mamta Binani is not related to any other directors or key managerial personnel of Skipper Ltd. This ensures transparency in the company’s governance structure, reinforcing their adherence to the best corporate practices.

Conclusion and Future Outlook

With the completion of Ms. Mamta Binani’s term, the company will continue to maintain a strong focus on corporate governance and regulatory compliance. Skipper Ltd. expressed its commitment to appointing suitable candidates to continue driving the company’s long-term objectives while maintaining its corporate governance standards.

Skipper Ltd. remains focused on delivering value to its stakeholders, and the cessation of Ms. Binani’s directorship will not affect its operations or governance framework, as the company is in the process of implementing the required changes.

This disclosure is in full compliance with the listing requirements and further strengthens Skipper Ltd.’s commitment to transparency and best practices in corporate governance.

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