Avanti Feeds Limited has informed the Exchange regarding Cessation of RAGHUNATH VEMALI as Non- Executive Nominee Director of the company w.e.f. May 21, 2025.
AVANTIFEED · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Avanti Feeds informed the exchanges that Mr. V Raghunath, who is the Vice Chairman and Managing Director of Andhra Pradesh Industrial Development Corporation (APIDC), has technically ceased to be a Non-Executive Nominee Director on Avanti Feeds' board with effect from May 21, 2025, under Section 167(1)(b) of the Companies Act, 2013. This cessation appears to be a procedural requirement rather than a real exit. Importantly, APIDC has already re-nominated the same person to continue as its Nominee Director, and his appointment will be placed before the Nomination and Remuneration Committee and the Board for approval in their next meetings. So the board composition is not expected to change in substance.
This is essentially a paperwork-driven change with no real change in board composition, so shareholders should not read this as a governance concern or leadership reshuffle. The stock is unlikely to react meaningfully to this announcement.