Announced Fri, 22 Aug · 17:50 IST

Disclosure under Regulation 30 of (LODR) Regulation 2015

Management Changes View source PDF

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Price reaction · full curve

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AI summary

The board approved the notice for the 33rd Annual General Meeting scheduled for Monday, September 29, 2025. Mr. Enjamuri Pardha Saradhi has been re-appointed as Chairman and Managing Director for another 3-year term, effective August 23, 2025 to August 22, 2028, subject to shareholder approval. The board also recommended appointing M/s. P S Rao & Associates as the company's Secretarial Auditor for a 5-year term covering FY 2025-26 to FY 2029-30, pending shareholder approval. Mr. Jineshwar Kumar Sankhala was appointed as Scrutinizer for the e-voting process at the AGM. Mr. Saradhi, aged 74, has over four decades of experience in finance and management.

Likely market impact

This is a routine governance update with no negative signals. The CMD's re-appointment ensures leadership continuity, while the new secretarial auditor strengthens compliance oversight. No material impact expected on share price or shareholder value.