Disclosure under Regulation 30(9) of the SEBI LODR Regulations appointment of Mr Amarender Reddy Bandaru as Non Executive Independant Director in Nettlinx Realty Private Limited- the material ....
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Nettlinx Limited has informed stock exchanges that Mr. Amarender Reddy Bandaru (DIN: 01750325) has been appointed as a Non-Executive Independent Director (Additional Director) on the board of Nettlinx Realty Private Limited, which is an unlisted material subsidiary of the company. The appointment was made on May 16, 2025, subject to shareholder approval, and is for a term of 5 consecutive years. This is essentially a regulatory compliance move under SEBI LODR Regulation 24, which requires that at least one Independent Director from the listed holding company also sit on the board of its unlisted material subsidiary. Mr. Bandaru is a B.Com graduate with 20 years of experience in civil engineering and contracting as Managing Director of BBR Infra, and is not related to any existing director or KMP of the company.
This is a routine compliance disclosure to meet SEBI's Regulation 24 requirement for material subsidiaries. It is not expected to have any material impact on the stock price or shareholder value, as it is a procedural governance formality rather than a strategic change.