MSTC Ltd Announces Exit of Independent Director Ramesh Kumar Soni After Tenure Completion
New Delhi: Government-owned enterprise MSTC Limited has officially informed stock exchanges that Ramesh Kumar Soni has completed his tenure as Non-Official Independent Director of the company.
The disclosure was submitted to both BSE Limited and the National Stock Exchange of India Limited in compliance with SEBI listing regulations.
Key Highlights of the Disclosure
- Director Name: Ramesh Kumar Soni
- Position: Non-Official Independent Director
- Date of Tenure Completion: 14 April 2026
- Effective Date of Cessation: 15 April 2026
The company stated that the cessation occurred due to completion of tenure, as per regulatory norms.
Committee Roles Also Ceased
With the end of his tenure, Soni also stepped down from key board committees, including:
- Chairman – Audit Committee
- Chairman – Nomination & Remuneration Committee
- Chairman – Risk Management Committee
- Chairman – Corporate Social Responsibility Committee
Regulatory Compliance
The company clarified that the disclosure was made under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, along with the relevant SEBI circular dated 13 July 2023.
About MSTC Limited
MSTC Limited is a Government of India enterprise engaged in e-commerce services, trading, and recycling solutions. The company regularly files corporate disclosures to maintain transparency with investors and regulators.
Conclusion
The completion of tenure marks a routine governance update for MSTC, ensuring compliance with board independence and corporate governance requirements under SEBI regulations.