Nova Agritech Limited has informed the Exchange regarding Board meeting held on January 12, 2026.
NOVAAGRI · price
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Mr. Kiran Kumar Adapa, an Independent Director on the board of Nova Agritech Limited, has resigned effective January 12, 2026 at 9:00 AM, citing other professional commitments. The company confirmed there are no other material reasons behind his exit, and he does not hold directorship in any other listed entity. The board, which met on the same day, accepted the resignation and reconstituted four committees — Audit, Stakeholders Relationship, Nomination & Remuneration, and CSR — by redistributing his responsibilities among the remaining independent directors, namely Mr. Ramesh Babu Nemani, Mr. Adabala Seshagiri Rao, and Mrs. Swapna Kandula. The IPO Committee was also dissolved as the proceeds from the company's IPO have been fully utilised.
This is a routine independent director exit with no governance red flags, and the board has already filled the committee gaps internally, so the impact on shareholders is expected to be minimal. Investors should note that committee continuity has been maintained.