1. Appointment of Mrs. Usha Rani Kanteti and Mr. Lakshmi Narayan as additional Directors of the Company 2. Accepted the resignation of Mr. Uma Maheswara Rao Koti as additional Director ....
Awaiting price reaction for this filing.
Ajel Ltd's board, at a meeting held on November 20, 2025, approved the appointment of Mrs. Usha Rani Kanteti and Mr. Lakshmi Narayan Vuppuluri as Additional Directors, both effective November 21, 2025. The board also accepted the resignation of Mr. Uma Maheshwara Rao Koti as Additional Director, effective the same date, citing personal preoccupations with no other material reasons disclosed. After these changes, the board comprises 7 members, including the Managing Director Srinivasa Reddy Arikatla and CFO Harshana Antharaji, who continue in their roles. Both new appointees are described as experienced industry professionals with no disclosed relationship to existing directors.
This is a routine board reshuffle with a net addition of one director and no change in key managerial personnel, so it is unlikely to have a material effect on the stock price or shareholder interests.