Astec LifeSciences Limited has informed the Exchange regarding Appointment of Mr Sunil Kataria as Non- Executive Director of the company w.e.f. September 01, 2025.
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Astec LifeSciences, a subsidiary of Godrej Agrovet Limited, has announced a change in its Board of Directors. Mr. Balram Singh Yadav has resigned as Non-Executive Director effective August 31, 2025, due to his superannuation from Godrej Agrovet (the holding company). Replacing him, Mr. Sunil Kataria has been appointed as an Additional, Non-Executive, Non-Independent Director effective September 1, 2025. Mr. Kataria is the CEO & Managing Director – Designate of Godrej Agrovet and brings over 30 years of experience in CPG, telecom, and retail sectors, having previously led Raymond Lifestyle and the India & SAARC business of Godrej Consumer Products. The company has confirmed that at least 50% of the board will continue to comprise Independent Directors, maintaining compliance with listing requirements.
This is a routine board-level changeover driven by the parent company Godrej Agrovet's internal succession. Since the outgoing and incoming directors are both nominees of the holding company and no strategic or operational role is affected, the impact on shareholders and stock price is expected to be neutral.