Astec LifeSciences Limited has informed the Exchange regarding Cessation of Mr BalramSingh Yadav as Non- Executive Director of the company w.e.f. August 31, 2025.
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Mr. Balram Singh Yadav has resigned as a Non-Executive Director of Astec LifeSciences effective August 31, 2025, due to his superannuation (retirement) from Godrej Agrovet Limited, which is the company's holding company. He has confirmed there are no other material reasons for his exit. To fill the vacancy, the board has appointed Mr. Sunil Kataria as an Additional, Non-Executive, Non-Independent Director effective September 1, 2025. Mr. Kataria is currently the CEO & Managing Director – Designate of Godrej Agrovet Limited, with over 30 years of experience across consumer goods, telecom, and retail sectors including stints at Godrej Consumer Products and Raymond Lifestyle. The company has confirmed that at least 50% of the board will continue to comprise independent directors after this change.
This is a routine changeover of the holding company's (Godrej Agrovet) nominee on the Astec LifeSciences board. There are no governance concerns, and the independent director composition is maintained. Shareholders are unlikely to see any material impact on the stock or operations.