Maruti Infrastructure Limited Announces Demise of Independent Director, Explains Disclosure Delay
Maruti Infrastructure Limited reported the passing of Independent Director Shrikant N. Jhaveri on Sunday, March 15, 2026. The company conveyed its condolences to Jhaveri’s family and acknowledged the benefit of his advice to the board during his tenure.The company explained a delay in the disclosure of Jhaveri’s passing. Maruti Infrastructure Limited stated the delay was inadvertent and resulted from the company not being immediately aware of his demise within the required timeframe. The information was subsequently conveyed, leading to the disclosure to the exchange at the earliest opportunity.
The company affirmed there was no deliberate intent behind the delay and committed to adhering to regulatory requirements moving forward.
Details regarding the cessation are presented below:
| Sr. No. | Requirement | Particular |
|---|---|---|
| 1 | Reason of change(i.e. appointment, resignation, removal, death or otherwise) | Demise |
| 2 | Date of Appointment / cessation (as applicable) and terms of appointment | March 15, 2026 |
| 3 | Brief Profile | Not Applicable |
| 4 | Disclosure of relationships between Director | Not Applicable |
Nimesh D Patel, Chairman & Managing Director, provided the explanation.
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