Shri. M. Chandran Ceases as Independent Director of FACT
Shri. M. Chandran has ceased to be a Non-Official Independent Director of Fertilizers and Chemicals Travancore Limited (FACT) effective June 20, 2026, upon completion of his three-year term. He also ceases his chairmanship of key board committees.
The cessation of an independent director upon completion of tenure is a standard corporate governance event and is unlikely to have a significant impact on the company's operations or stock performance.
The announcement is a routine update regarding the completion of a director's term and does not contain any positive or negative financial or operational news.
Fertilizers and Chemicals Travancore Limited (FACT) has announced the cessation of Shri. M. Chandran (DIN: 07817614) as a Non-Official Independent Director on its Board. His term concluded on June 20, 2026, marking the end of his three-year tenure.
Consequent to his cessation, Shri. Chandran will also no longer serve as the Chairman of the Audit Committee, Nomination and Remuneration Committee, Risk Management Committee, Stakeholders Relationship Committee, and Corporate Social Responsibility Committee of the Company. The cessation was effective from the close of office hours on June 19, 2026. The company has made this disclosure in compliance with SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015.
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Fertilizers and Chemicals Travancore Limited filed this with the NSE as a statutory disclosure, categorised under board changes. It is a primary document, not a recommendation, and the desk marks it low impact, the band that almost never moves a portfolio on its own.
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