CARE Ratings Limited announced that Mr. Adesh Kumar Gupta ceased to be an Independent Director of the company and its subsidiary CARE Analytics and Advisory Private Limited, where his term was co-terminus with his term in the parent Company) upon completion of his second term of 3 (three) consecutive years with effect from completion of business hours on July 9, 2024. Reason for change: Cessation due to completion of second consecutive term as an Independent Director of the Company.