Independent Director Seats Falling Vacant on Indian Boards

Method and limits

Boards that disclosed an independent director completing a SECOND consecutive term ending inside the next 18 months, grouped by industry and by the calendar quarter the term ends. First-term expiries are excluded because they are usually followed by re-appointment; signals already past their estimated end date are excluded because a later filing may supersede them. Market capitalisation is deliberately not shown: combined with industry and a month it identifies individual boards. Any archetype covering fewer than 5 boards is counted but not listed.

As of 2026-08-23 · 2,223 filed signals read · 491 boards · 661 seats.

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