Cessation of Mr. P. Kamalakar Rao (Independent Director) upon completion of 2 consecutive term of 5 years.
Awaiting price reaction for this filing.
Mr. Kamalakar Rao Ponnapalli (DIN: 03057676) ceased to be an Independent Director of Medinova Diagnostic Services Ltd with effect from close of business hours on September 24, 2025, upon completing his second consecutive 5-year term as required under Section 149 of the Companies Act, 2013 and SEBI Listing Regulations. He also stepped down as a member of the Audit Committee, Nomination and Remuneration Committee, and Stakeholders Relationship Committee. The Board recorded its appreciation for his contributions during his association with the company. The intimation was made under Regulation 30 of SEBI Listing Regulations.
This is a routine, regulatory-driven end-of-tenure event and not a resignation due to any dispute or governance concern. Shareholders should note that the company will need to appoint a new Independent Director to fill the vacancy and maintain statutory committee composition requirements.