Independent Director
A Top 100 Capital Goods board
Our governance desk anticipates an independent-director seat opening on this board within the February 2026–August 2026 window. It follows a term-expiry window — the sitting director’s tenure is approaching the ceiling set under the Companies Act and SEBI’s LODR, which makes the vacancy foreseeable well before any public announcement.
The rules, explained
Companies Act 2013 — Section 149 (Independent-director terms)
Companies Act s.149(10)-(11)An independent director may serve up to two consecutive terms of up to five years each. The second term requires a special resolution of shareholders, and after two consecutive terms the director must observe a three-year cooling-off period with no association with the company before any re-appointment.
Why it matters: A completed second term opens a seat permanently — a real, datable vacancy.
SEBI LODR — Regulation 25 (Independent directors' obligations)
SEBI LODR Reg. 25 · Companies Act Sch. IVIndependent directors are bound by a code (Schedule IV), meet separately at least once a year without management present, and are subject to detailed resignation-disclosure and tenure rules. The largest listed companies must also carry directors-and-officers (D&O) insurance for them.
Why it matters: It defines what independence actually obliges a director to do.
Board & seat intelligence
The company & full seat intelligence is a Foresight feature
Foresight names the company and unlocks its governance health, ID shortfall, board-refresh status and sitting-fee benchmark for this seat.
Unlock with Foresight →Express interest
Applications are an expression of interest to the Exchange — never posted to the board directly. We curate and forward a shortlist; assessed members are prioritised.
India ID Exchange · Gladwin International. Projected from public SEBI LODR filings and statutory term rules — decision-support, not investment or legal advice, and not a statement of any company’s intent to appoint. Seat windows are estimates and can move with AGM timing.