Submission of Intimation of Resignation of Director of the Company.
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Novelix Pharmaceuticals has informed the stock exchange that Mr. Jivamohan Divakar Valluri (DIN: 09218013) has resigned from the Board as a Non-Executive Non-Independent Director, effective from the close of business hours on 30th March 2026. The resignation was approved in a board meeting held on the same day at the company's registered office in Hyderabad. Mr. Valluri cited pre-occupation and other personal commitments as the reason for stepping down, and confirmed there are no material reasons behind the exit. He also steps down from the Audit Committee, Nomination & Remuneration Committee, and as Chairperson of the Stakeholders' Relationship Committee. He does not hold directorship in any other listed entity.
The departure of a single non-executive director for personal reasons is a routine board-level change with limited impact on the stock. Shareholders should watch for timely appointment of a replacement director, particularly on the Stakeholders' Relationship Committee where he was the Chairperson.