ORTIN GLOBAL LIMITED has informed the Exchange regarding Resignation of Mr Mr. Gopal Reddy Bheemreddy as Independent Director of the company w.e.f. May 26, 2025.
ORTINGLOBE · price
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Ortin Global Limited (formerly Ortin Laboratories) held a board meeting on 26 May 2025 and approved four key items. The Board accepted the resignation of Independent Director Mr. Gopal Reddy Bheemreddy (DIN: 06716560) with immediate effect, citing advancing age, and confirmed there are no other material reasons. To fill the vacancy, the Board appointed Ms. Mounika Pammi (DIN: 11111376) as Additional Independent Director for a 5-year term, subject to shareholder approval, and she was included in the Audit, Nomination & Remuneration, and Stakeholders Relationship committees. The Board also appointed M/s. Aakanksha Dubey & Co as Secretarial Auditor for a 5-year term (FY 2025-26 to 2029-30). Audited FY25 results showed revenue from operations collapsing to Rs 211.15 lakhs from Rs 935.90 lakhs in FY24, while net loss narrowed to Rs 83.61 lakhs (FY24 loss: Rs 806.50 lakhs); EPS stood at Rs -1.04 and other equity remains negative at Rs -615.39 lakhs.
The director exit is routine and benign, and the company has already appointed a replacement, so governance continuity is maintained. However, shareholders should note the steep revenue decline and still-negative retained earnings, which point to ongoing business stress despite a narrower loss.