Madras Fertilizers Limited
19 June 2026
Madras Fertilizers Limited Director Dr. Jatin Kumar Mohanty Steps Down
Madras Fertilizers Limited – Director Tenure Completion (NSE)
Date of Announcement: 19 June 2026
Madras Fertilizers Limited (MFL) has filed a compliance notice with the National Stock Exchange (NSE) informing investors of the cessation of its Non‑Executive Independent Director, Dr. Jatin Kumar Mohanty, effective 19 June 2026.
Key Details
| Item | Information |
|---|---|
| Director | Dr. Jatin Kumar Mohanty |
| DIN | 02660442 |
| Date of Appointment | 20 June 2023 |
| Date of Tenure Completion / Cessation | 19 June 2026 |
| Reason for Cessation | Completion of three‑year tenure (no other reason) |
| Position Held | Non‑Executive Independent Director |
- The cessation took effect at the close of business on 19 June 2026.
- The change is reported under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
- No disclosures of relationships with other directors or additional compliance issues were reported.
Regulatory Compliance
- The filing (reference CS/NSE/2026/1338) satisfies SEBI’s requirement to disclose changes in board composition.
- Annexure‑A attached to the notice confirms that the only applicable information is the tenure completion; all other fields (e.g., relationship disclosures, NSE circular requirements) are marked “Nil” or “Not Applicable.”
- The company has requested the NSE to record and disseminate the information per SEBI (LODR) regulations.
Background of the Appointment
- Dr. Mohanty was originally appointed as a Non‑Official Independent Director by the Appointment Committee of the Cabinet (ACC), per Government of India order dated 31 May 2023.
- The appointment was for a period of three years, commencing from the date of notification, i.e., 20 June 2023.
- The appointment was communicated through an official letter from the Ministry of Chemicals & Fertilizers, Department of Fertilizers (Reference: F. No. 78/2/2006‑HR‑I (pt. III)).
Investor Implications
- The board composition changes solely due to the scheduled end of Dr. Mohanty’s tenure; there is no indication of performance‑related removal or other governance concerns.
- The company has complied with all statutory disclosure requirements, indicating continued adherence to regulatory norms.
- No immediate impact on the company’s operations, strategy, or financial outlook is disclosed in this filing.
Prepared on the basis of the information contained in the company’s SEBI‑compliant announcement dated 19 June 2026.
Original Source Document
View the original exchange filing or announcement.
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