Two Independent Directors end final term; new Independent Director appointed
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The board noted the end of the second and final term of Independent Directors Mr. Jaya Prakash Narayana Valluru and Mrs. Earneni Kavitha, effective 30 July 2026, purely on completion of tenure and not resignation. Retired IRS officer Mr. Muttuluri Narsimhappa (aged 75) has been appointed as Additional Non-Executive Independent Director from 25 July 2026, subject to shareholder approval by Special Resolution. Audit, Nomination and Remuneration, and Stakeholders Relationship Committees have been reconstituted.
Routine board refresh on completion of tenure. New appointment needs shareholder approval. No governance red flags noted.