Banka BioLoo Limited has informed the Exchange regarding Appointment of Mrs. Geeta Goti as Non- Executive Independent Director of the company w.e.f. September 17, 2025., subject to approval of shareholders in ensuing AGM.
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Banka BioLoo's board, at its 8 August 2025 meeting, approved multiple changes effective from September/October 2025, subject to shareholder approval at the upcoming AGM. Mr. Sanjay Banka was re-appointed as Executive Chairman upon retiring by rotation. Mr. Vishal Murarka was re-appointed as Executive Director and CEO for a fresh 3-year term (1 October 2025 to 30 September 2028). Dr. Basava Raju Dumpala (aged 75) was re-appointed as Non-Executive Independent Director for a second 5-year term. Mrs. Geeta Goti was newly appointed as Non-Executive Woman Independent Director for a 5-year term. Separately, Mrs. Aparajita Agrawal will retire as Independent Director on 16 September 2025 on completion of her tenure.
These are largely continuity moves with top management and the Chairman being retained, which is generally reassuring for shareholders. The new independent director adds fresh perspective and ensures gender diversity on the board. No negative governance signals or sudden exits were reported.