Board approval for re-appointment of Mr. Harshavardhana Gourineni and Mr. Vikramadithya Gourineni as Executive Directors of the Company, subject to approval of the members of the Company.
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The Board of Directors has approved the re-appointment of two Executive Directors - Mr. Harshavardhana Gourineni and Mr. Vikramadithya Gourineni - effective June 12, 2026 for a term of 5 years each. Both directors are related to each other and are part of the Promoter group of the Company, alongside Chairman and CEO Mr. Jayadev Galla. The re-appointments are subject to shareholder approval at the upcoming 41st AGM. Both directors are not debarred from holding the office of director by any SEBI order.
This is a routine corporate governance matter confirming continuity of the promoter family in executive leadership. No immediate impact on stock price expected as re-appointment was anticipated.