Announcement under Regulation 30 (LODR) - Change in Directorate
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On 9th October 2025, the Board of Artificial Electronics Intelligent Material Ltd approved three key changes. Ms. Rapala Virtanen Tarja Hannele, a Finnish electronics and PCB industry veteran with 30+ years of experience (including roles at TTM Technologies, EIPC, Nokia, and Aspocomp), was appointed as an Additional Non-Executive Non-Independent Director. Mr. Eswara Rao Nandam (56, BITS Pilani alumni, 30+ years across Berkeley Process, Nokia, Rane, Hero, Pricol, Suzlon) was appointed as the new Chairperson. Meanwhile, Mr. Karuppannan Tamilselvan resigned from his position as Non-Executive Non-Independent Director cum Chairperson citing personal reasons, with no other material reasons disclosed.
For shareholders, the Chairperson-level exit due to personal reasons is a minor governance event, but it is offset by the appointment of a highly experienced industry leader (Eswara Rao Nandam) and a globally connected PCB specialist (Tarja Hannele), which could strengthen the company's strategic direction in electronics and AI-related manufacturing.