Independent Directors Cease Tenure at Madras Fertilizers Limited
Madras Fertilizers Limited announced the cessation of two of its Independent Directors, effective April 16, 2026, following the completion of their respective tenures. The change reflects the normal conclusion of their terms of office.The company confirmed that the retirement of the directors is solely due to the completion of their agreed-upon tenure and is not attributed to any other reason.
The two directors whose tenures concluded are Mr. Sanjay Vishnu Shetye and CA. Alok Kumar Agrawal.
The details regarding the Independent Directors and the timeline of their cessation are presented below:
| Director Name | Date of Appointment | Date of Tenure Completion |
|---|---|---|
| Mr. Sanjay Vishnu Shetye | 17.04.2025 | 16.04.2026 |
| CA. Alok Kumar Agrawal | 17.04.2025 | 16.04.2026 |
The records confirm that the cessation of office for both Mr. Sanjay Vishnu Shetye and CA. Alok Kumar Agrawal was effective as of April 16, 2026.
MADRASFERT Stock Price Movement
Shares of Madras Fertilizers Limited are edging higher to ₹69.9 as of 11:46 AM, gaining 2.99% in live trading. The stock continues to show robust investor interest, currently trading on a volume of 384,210 shares.Source:
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