Mahesh Vennelkanti to Cease as Independent Director of DCW Limited After Completing Two Consecutive Terms
DCW Limited announced that Mr. Mahesh Vennelkanti will cease his role as an Independent Director, following the completion of his second consecutive term at the company.The director's tenure is set to conclude with effect from the close of business hours on June 27, 2026. This transition marks the culmination of the two-term period specified in his service as an Independent Director.
DCW Limited conveyed its sincere appreciation and gratitude for the invaluable contributions, guidance, and services provided by Mr. Mahesh Vennelkanti throughout his tenure with the company.
The details regarding Mr. Mahesh Vennelkanti's cessation from the board are summarized below:
| Particular | Details |
|---|---|
| Director Name | Mr. Mahesh Vennelkanti (DIN: 03633359) |
| Reason for Change | Completion of the second consecutive term of five years as an Independent Director |
| Effective Date of Cessation | Close of business hours on June 27, 2026 |
DCW Stock Price Movement
Shares of DCW Limited on Thursday slipped by 2.74% after the stock settled at ₹48.19, falling from the previous close. The decline occurred amid a significant trading day, with the equity finishing near its daily low as total volume reached 1.74 million shares.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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