On December 29, 2024, Ms. Vandana P. Sonwaney completed her second term as the Non-Executive Independent Director of Bedmutha Industries Limited. This marks the end of her five-year tenure in the position, having significantly contributed to the company's governance and its strategic decisions during her time on the board. The decision was formally communicated to the BSE Limited and National Stock Exchange of India Limited, in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

In a formal announcement, the Board of Directors and Management of Bedmutha Industries extended their gratitude to Ms. Sonwaney for her extensive contributions, offering invaluable guidance, support, and advice. Her expertise played a crucial role in the decision-making processes at the Board and in various Committee(s) of the company.

As per the SEBI guidelines, independent directors are required to step down after completing two consecutive terms of five years. Ms. Sonwaney’s tenure formally ended at business closing hours on December 29, 2024, and her departure marks the conclusion of an impactful period of service.

The company's communication was in line with the SEBI Circular SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023, which mandates the disclosure of details concerning changes in board positions. While the company did not provide additional details like a profile of Ms. Sonwaney or her relationships with other directors, they assured that this information would be available on their official website for transparency.

Details of the change were provided in the formal letter submitted to the stock exchanges, specifying that the change was due to the completion of her second term as an independent director. Ms. Sonwaney had no relationship with other directors or key management personnel of the company, making her departure purely based on the completion of tenure.

The company also expressed their appreciation for her work, acknowledging the positive impact she made during her term, which included overseeing significant corporate governance initiatives and advising the board on various strategic matters.

Conclusion
The retirement of Ms. Vandana P. Sonwaney signifies the end of an era for Bedmutha Industries Limited as it bids farewell to a dedicated Non-Executive Independent Director. Her tenure at the company exemplifies the important role of independent directors in ensuring transparent and accountable governance. Bedmutha Industries will now look to fill the gap left by her departure, ensuring that the company continues to adhere to the highest standards of corporate governance.

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