Nova Agritech Limited has informed the Exchange regarding Resignation of Mr Kiran Kumar Adapa as Non- Executive Independent Director of the company w.e.f. January 12, 2026.
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Mr. Kiran Kumar Adapa (DIN: 09087754) has resigned as Non-Executive Independent Director of Nova Agritech Limited, effective January 12, 2026 (9:00 AM), citing other professional commitments. The Board, at a meeting held the same day, noted his resignation and confirmed there are no other material reasons behind it; he also does not hold directorship in any other listed entity. To fill the vacancy, the company has reconstituted four Board committees — Audit, Stakeholders Relationship, Nomination & Remuneration, and CSR — with existing independent directors (Mr. Ramesh Babu Nemani, Mr. Adabala Seshagiri Rao, and Mrs. Swapna Kandula) taking over his roles. Additionally, the IPO Committee has been dissolved since IPO proceeds have been fully utilised.
This is a routine board-level change with no governance red flags reported. The company still has three independent directors covering all key committees, so board functionality is unlikely to be disrupted. Shareholders should monitor whether a replacement independent director is appointed soon to maintain the required composition.