Dar Credit & Capital

Saswata Chaudhuri steps down as Independent Director of Dar Credit & Capital Ltd. on July 31, 2026, after serving a two-year term. Gautam Bhattacharya succeeds him effective August 1, 2026, having been appointed by shareholders at the 32nd AGM. The company complied with SEBI Listing Regulations by notifying the NSE of the change. *this image is generated using AI for illustrative purposes only. dar credit & capital has announced the cessation of Saswata Chaudhuri as an Independent Director, effective July 31, 2026, following the completion of his two-year tenure.

The leadership transition ensures continuity in the Board’s independent oversight, with Gautam Bhattacharya appointed to assume the role immediately thereafter, effective August 1, 2026. This change reflects standard corporate governance practices for term limits of independent directors. The company informed the National Stock Exchange of India Limited (NSE) via its listing compliance department on July 31, 2026, citing Regulations 30 and 51 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The notification confirms that Mr. Chaudhuri’s departure is due to the natural expiry of his term rather than any voluntary resignation or removal. The filing also references a prior intimation dated July 17, 2026, regarding the appointment of his successor. Gautam Bhattacharya (DIN: 10834784) was appointed as an Independent Director by the shareholders during the company’s 32nd Annual General Meeting. His appointment is consequent to the completion of Mr. Chaudhuri’s tenure, ensuring no gap in the independent director representation on the Board.

The transition aligns with the regulatory requirements for maintaining a specified proportion of independent directors on the board of listed entities. The Company Secretary & Compliance Officer, Priya Kumari (Membership No: A67648), signed the disclosure letter on behalf of the company. The requisite details were enclosed in Annexure-A as per SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026. com for public access.