Mystic Electronics Ltd Announces Completion of Tenure for Independent Director Mr. Manaklal Agrawal
Mystic Electronics Limited has announced the completion of the tenure of its Independent Director, Mr. Manaklal Agrawal. The director will cease to be a part of the company's board from the close of business hours on July 30, 2026.The cessation is solely due to the completion of his tenure and is not attributable to any other reason, the company stated.
Following this change, Mr. Agrawal will also cease to be the Chairman or Member of respective Board Committees effective from the close of business hours on July 30, 2026. This transition was planned consequent upon the approval accorded by the Board of Directors at its meeting held on July 29, 2026.
The company has acknowledged Mr. Agrawal for his valuable contribution and guidance during his tenure as an Independent Director.
Key details regarding the cessation are summarized below:
| Particulars | Details |
|---|---|
| Director Name | Mr. Manaklal Agrawal (DIN: 10214780) |
| Reason for Change | Cessation due to completion of tenure. |
| Date of Cessation | July 30, 2026 |
The company has confirmed the revised composition of its Board Committees following this change.
Stock Price Movement
Mystic Electronics Ltd shares settled at ₹3.51 today, registering a decline of 6.65% in post-market trading. The stock experienced significant movement during the session, which spanned an intraday range between a low of ₹3.40 and a high of ₹4.05.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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