Kavveri Defence & Wireless Technologies Limited has informed the Exchange regarding 'Intimation of Continuation of Directorship and Redesignation of Director'.
KAVDEFENCE · price
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Kavveri Defence has informed the stock exchanges about two board-level changes approved on August 14, 2025. First, Mr. L R Venugopal, a Non-Executive Non-Independent Director aged around 73, will continue in his role even after turning 75 in May 2027, subject to shareholder approval at the upcoming AGM under SEBI's Regulation 17(1A). His term continues until February 28, 2030. Second, Mr. Sankethram Reddy has been redesignated from Executive Director to Whole-time Director effective October 1, 2025, also subject to shareholder approval. Notably, Mr. Sankethram Reddy is the son of the company's Managing Director (Mr. Chennareddy Shivakumar Reddy) and the Whole-time Director & CFO (Mrs. Rajupeta Kasturi Hanumenthareddy). Both changes still need member approval at the ensuing AGM.
The redesignation of a promoter's son into a paid executive Whole-time Director role concentrates more family control and remuneration at the top, which investors should weigh against governance considerations. The continuation of the senior non-executive director is routine but requires a special resolution, so shareholder votes at the AGM will be the next checkpoint.