Resignation of Mr. Juvviguntla Sundera Sekhar (DIN: 07039521) and Appointment of Mr. Srinivas Sriramula (DIN: 02153900) and Mr. Umashankar Siddappa Kolhe (DIN: 10056550) with effect from ....
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Nihar Info Global Ltd informed the stock exchange about changes to its board composition. Mr. Juvviguntla Sundarasekhar (DIN: 07039521) resigned as Independent Director effective September 30, 2025, citing personal commitments and his desire to focus on the social services sector. He also stepped down from the Audit Committee, Stakeholder Relationship Committee, and as Chairman of the Nomination and Remuneration Committee. To fill the vacancy, the board approved the appointment of Mr. Srinivas Sriramula (DIN: 02153900) and Mr. Umashankar Siddappa Kolhe (DIN: 10056550) as Non-Executive Independent Directors for a 5-year term starting September 30, 2025, subject to shareholder approval. Both new appointees are external, unrelated to existing directors, and confirmed to meet SEBI independence criteria. Mr. Srinivas Sriramula brings over two decades of experience in corporate management, insurance, and merchant banking, while Mr. Umashankar Kolhe has a background in banking and financial services including senior roles at State Bank of India's fraud prevention department.
This appears to be a routine board refresh with no governance red flags, as the outgoing director confirmed there were no material reasons behind his exit. Shareholders should see no material impact on stock price, though the addition of two experienced independent directors could strengthen board oversight.