Banka BioLoo Limited has informed the Exchange regarding Re-appointment of Mr.Vishal Murarka as Executive Director of the company w.e.f. October 01, 2025, subject to approval of shareholders in ensuing AGM.
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At a board meeting on 8 August 2025, Banka BioLoo approved the re-appointment of Mr. Vishal Murarka as Executive Director, designated as CEO, for a 3-year term from 1 October 2025 to 30 September 2028. Mr. Sanjay Banka was also re-appointed as Executive Chairman (retiring by rotation). Dr. Basava Raju Dumpala (age 75) was re-appointed as Non-Executive Independent Director for a second 5-year term, and Mrs. Geeta Goti was newly appointed as Non-Executive Woman Independent Director for a 5-year term, both effective 17 September 2025. Non-Executive Independent Director Mrs. Aparajita Agrawal will retire upon completion of her tenure on 16 September 2025. All re-appointments are subject to shareholder approval at the upcoming AGM.
Leadership continuity is maintained with the promoter family (Sanjay Banka as Chairman, his wife Namita Banka as MD, and his brother-in-law Vishal Murarka as CEO) staying in place, which is neutral to slightly negative for minority shareholders concerned about concentration. The board also gains a new woman independent director, adding some diversity, while the staggered exit and entry of independent directors is routine.