Aptus Value Housing Finance India Limited announced the cessation of Mr. V. G. Kannan from his position as an Independent Director. This event took effect at the close of business hours on March 08, 2026, marking the completion of his first five-year term. The company confirmed that this change was due solely to the conclusion of his tenure, with no other material reasons cited for the departure, as confirmed in the requisite regulatory filings.
Official Notification of Director Cessation
Aptus Value Housing Finance India Limited has formally informed the stock exchanges, BSE Limited and National Stock Exchange of India Ltd., regarding a key change in its Board composition. The announcement, dated March 09, 2026, concerns Mr. V. G. Kannan (DIN: 03443982).
Completion of Independent Director Term
Mr. V. G. Kannan has ceased to be an Independent Director of the Company. This cessation occurred on March 08, 2026, immediately following the close of business hours. The reason cited for this change is the completion of his first term of five consecutive years as an Independent Director.
Regulatory Compliance Details
In line with applicable requirements, the Company has provided detailed disclosures confirming the nature of the cessation. The filings explicitly state that the cessation is based on the completion of tenure. Furthermore, the disclosure confirms that there are no other material reasons leading to his departure, and no prior resignation letter was necessary as the end date was pre-determined by the term limit.
The Company Secretary & Compliance Officer, Sanin Panicker, confirmed the record-keeping of this change.
Source: BSE
