Outcome of Board Meeting
Price
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The Board of Directors approved the Director's Report for FY ended March 31, 2025, and fixed September 30, 2025 as the date for the 33rd Annual General Meeting (AGM) to be held via video conference. The Board recommended appointing M/s. P S Rao & Associates as the Secretarial Auditor for a 5-year term. Mr. Rajesh Katragadda was appointed as Additional Director effective September 1, 2025, and recommended as Independent Director for a 5-year term. Mr. Ramesh Babu Nemani was re-appointed as Independent Director for a second 5-year term ending September 29, 2030, while Mr. Nukala Ashwanth ceased as Independent Director after completing his second term. The Audit, Stakeholders Relationship, and Nomination & Remuneration Committees were reconstituted.
This is a routine corporate governance update with no material financial impact. Shareholders should note the AGM date (September 30, 2025) and the director changes, all of which are subject to shareholder approval at the upcoming AGM.