Please find enclosed herewith the details of appointment of Mr. G. Maheswara Reddy appointed as Non-executive Independent Director of the Company for a term of 5 years with effect from ....
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Elango Industries announced two board changes effective 29th September 2025. Mrs. Preethi Natarajan ceased to be an Independent Director as her second 5-year term came to a natural end. Simultaneously, Mr. G. Maheswara Reddy, a Chartered Accountant with over 8 years of post-qualification experience currently at R. Ramakrishnan & Co., was appointed as Non-executive Independent Director for a fresh 5-year term, running until 28th September 2030. Mr. Reddy has banking sector and taxation expertise. The company has confirmed he is not related to any existing director or promoter.
This is a routine board refresh with one independent director's term ending and a like-for-like replacement appointed on the same day, so board composition stays unchanged. No governance red flags — the new director is independent of promoters and brings finance expertise.