Disclosure under Reg 30 (9) of the SEBI LODR regulations Appointment of Mr Amarender Reddy Bandaru as Non Executive Independant Director in Nettlinx Technologies Private Limited-the material ....
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Nettlinx Ltd has informed the stock exchanges that its material subsidiary, Nettlinx Technologies Private Limited, has appointed Mr. Amarender Reddy Bandaru (DIN: 01750325) as a Non-Executive Independent Director (Additional Director) effective 16th May 2025, for a term of 5 years. The appointment is on the recommendation of the Nomination and Remuneration Committee and is subject to shareholder approval. The appointment is being done to comply with SEBI LODR Regulation 24, which requires at least one Independent Director of the listed holding company to also serve on the board of an unlisted material subsidiary. Mr. Bandaru is a B.Com graduate with 20 years of experience and currently serves as Managing Director of BBR Infra, a civil engineering and contracting firm. He is not related to any existing Directors or KMPs of the company and is not debarred by SEBI from holding a directors position.
This is a routine regulatory compliance move and a neutral event for shareholders. It strengthens the governance structure of the material subsidiary by adding an independent director and should not have any material impact on the stock price.