Appointment of 1. Mr. Rajendra Naniwadekar as Additional Non-Executive Non Independent director. 2. Mr. Shashank Vaidya as Additional Non-Executive Independent Director. 3. Punukollu ....
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Hindustan Agrigenetics Limited has appointed three new directors to its board effective September 30, 2025, subject to shareholder approval. Rajendra Naniwadekar joins as a Non-Executive Non-Independent Director and already holds 11,05,928 shares in the company; he is an investment strategist and former President of the Hyderabad Stock Exchange. Shashank Vaidya and Punukollu Kodanda Rambabu have been appointed as Non-Executive Independent Directors for three-year terms each, bringing consulting/finance and accounting expertise respectively. All three directors are confirmed to be non-willful defaulters with no SEBI bar against them. The board meeting that approved these appointments lasted only 30 minutes (5:00 PM to 5:30 PM).
This is a routine board expansion that strengthens governance by adding two independent directors with strong finance and consulting backgrounds. Naniwadekar's substantial existing shareholding (over 11 lakh shares) suggests he is a significant shareholder, but the appointments still require shareholder ratification in a general meeting.