ICRA Limited announced that Stephen Arthur Long, a Non-Executive and Non-Independent Director of the company, has resigned from the board with effect from January 1, 2027. His departure includes relinquishing membership in all board committees, signaling a significant step in the governance refresh underway at the credit rating agency.
In his resignation letter, Long attributes his move to retirement plans. He extends gratitude to the Board for the support and cooperation during his tenure and wishes the company continued success in its future endeavors.
The letter also outlines the administrative steps accompanying the exit, including filing the requisite formal notices with the Registrar of Companies and the Ministry of Corporate Affairs, in line with standard corporate governance norms. ICRA’s leadership will now navigate a transition that preserves board continuity while welcoming new input from the evolving governance landscape.
As ICRA looks to the next phase, the departure of a seasoned non-executive director opens space for fresh perspectives at the board level, underscoring the company’s ongoing emphasis on balance, independence, and forward-looking oversight amid a dynamic business environment.