HALEOS LABS LIMITED has informed the Exchange regarding Cessation of Mrs Sundaramma Patibandla as Non- Executive Independent Director of the company w.e.f. May 29, 2026.
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Mrs. Sundaramma Patibandla has tendered her resignation as Non-Executive Independent Director of Haleos Labs Limited with effect from May 29, 2026. She cited preoccupation and other professional commitments as the reason for stepping down. As a result, she also ceased to be a member of the Audit Committee, Nomination and Remuneration Committee, and Stakeholders' Relationship Committee. The Board accepted her resignation and expressed appreciation for her valuable contribution during her tenure. The company has confirmed that there is no other material reason for her resignation beyond personal commitments. The Board states it remains duly constituted with an optimum combination of Executive and Independent Directors in compliance with SEBI regulations.
This is a routine resignation of an independent director citing personal commitments. The company has confirmed board composition remains compliant, so impact on shareholders should be minimal. However, any further resignations could signal governance concerns.