Astec LifeSciences Limited has informed the Exchange about General Updates
ASTEC · price
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Mr. Balram Singh Yadav has resigned as Non-Executive Director of Astec LifeSciences effective close of business on August 31, 2025, citing his superannuation from Godrej Agrovet Limited, the company's holding company. The Board, on the recommendation of the Nomination and Remuneration Committee, has appointed Mr. Sunil Kataria (DIN: 06863609) as Additional, Non-Executive, Non-Independent Director effective September 1, 2025. Mr. Kataria is currently the CEO & Managing Director – Designate of Godrej Agrovet and brings over 30 years of experience across CPG, telecom, and retail, with prior stints at Raymond Lifestyle, Godrej Consumer Products, and Marico. The company has confirmed that at least 50% of the board will continue to comprise Independent Directors after this change.
This is a routine board reshuffle triggered by the retirement of a holding-company representative, with the seat filled by another senior leader from the same parent group. No material financial impact or governance concern is indicated for shareholders.