Sri Y S S Suresh (DIN 08589605), Nominee Director of our Company was ceased to the Director of our Company consequent upon his withdrawal by M/s APIDC Ltd., w.e.f., 17.7.2025.
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Andhra Petrochemicals Ltd has informed the BSE that Sri Y S S Suresh (DIN 08589605) has ceased to be a Director of the Company with effect from 17 July 2025. He was a Nominee Director placed on the Board by M/s Andhra Pradesh Industrial Development Corporation Ltd. (APIDC), a state government entity. His exit is due to his withdrawal by APIDC, not a personal resignation. The intimation was signed by the Chief Financial Officer & Company Secretary. No reason or further board changes were disclosed in this filing.
This is a routine change in a nominee director position driven by the nominating shareholder (APIDC) rather than a governance concern, so it is unlikely to have any material impact on the stock price or operations of the company.