Nettlinx Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 10/05/2025 ,inter alia, to consider and approve Intimation of Board Meeting to beld on 10.05.2025
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Nettlinx Ltd has called a Board meeting on 10th May 2025 primarily to formally note the resignations of two directors: Vijaya Bhasker Reddy Maddi (Non-Executive Independent Director, effective 6 February 2025) and Radhika Kundur (Non-Executive Non-Independent Director, effective 25 April 2025). The Board will also consider appointing Mr. Bandaru Amarnath as an Independent Non-Executive Additional Director to fill the vacancy. The resignations span roughly two months, suggesting recent board-level changes at the company. No financial results or other major business items are part of this meeting agenda.
Two director exits in quick succession may raise short-term governance concerns for shareholders, though the company is moving quickly to appoint a replacement independent director. Stock price impact is likely limited as no operational or financial decisions are involved.