Pilani Investment and Industries Corporation Announces Cessation of Independent Director A. K. Kothari
Pilani Investment and Industries Corporation Limited has announced the completion of the term of Shri A. K. Kothari as an Independent Director, effective July 25, 2026. The company confirmed that his tenure was set to conclude following a five-year period initiated during its 74th Annual General Meeting in September 2021.Shri A. K. Kothari held the position of Independent Director with the corporation for a second consecutive term, which commenced on July 25, 2021, as approved by the members of the Company at their meeting on September 16, 2021. As a result of his completion of this mandated service period, Shri Kothari will cease to be an Independent Director of Pilani Investment and Industries Corporation Limited beginning July 25, 2026.
Upon the conclusion of his second term, all memberships held by Shri A. K. Kothari in various committees of the Board of Directors are also set to expire. The company noted that it appreciates the invaluable contributions, strategic advice, and active participation provided by Shri A. K. Kothari throughout his tenure as an Independent Director.
The details regarding the change in directorship status and the director's term are summarized below:
| Particulars | Details |
|---|---|
| Reason for Change | Completion of term of office of Shri A. K. Kothari as an Independent Director on July 24, 2026. He will cease to be an Independent Director from July 25, 2026. |
| Cessation Date | With effect from July 25, 2026 |
PILANIINVS Stock Price Movement
Shares of Pilani Investment and Industries Corporation Limited are shedding value in live trading at 12:19 PM, with shares dipping 0.77% to stand at ₹4270. The stock currently trades within an intraday range defined by a high of ₹4300 and a low of ₹4240.5, having seen a volume of 407 shares traded so far.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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