Medplus Health Services Limited has informed the Exchange regarding Appointment of Ajit Rangnekar and Mohankrishna Arvabumi as Additional Director designated as Non- Executive Independent Director of the company w.e.f. May 20, 2026.
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Medplus Health Services Limited announced the appointment of two new Non-Executive Independent Directors effective May 20, 2026. Mr. Ajit Pandurang Rangnekar brings over 50 years of experience across manufacturing, services, and consulting sectors, including senior roles at PwC. Mr. Mohankrishna Reddy Arvabama has three decades of experience in finance and strategy, including CFO roles at Cyient and AppLabs, and investment banking at ANZ Grindlays Bank and JM Financial. Both appointments are for an initial term of five years, subject to shareholder approval. Additionally, the company re-appointed Mr. Gangadi Madhukar Reddy, its promoter and Managing Director, for another five-year term commencing August 03, 2026.
The appointment of two experienced independent directors strengthens the board's governance and expertise in finance, strategy, and operations. The re-affirmation of the promoter-led Managing Director provides continuity in leadership. These changes are positive for shareholders as they enhance board independence and ensure stable management.