Completion of second and final consecutive terms of Mr. Kola Paul Jayakar as a non-executive Independent Director at the close of business hours on 29th June 2026 and Appointment of Mr. ....
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The Board of Panasonic Carbon India noted that Mr. Kola Paul Jayakar's second and final consecutive term as Non-Executive Independent Director will conclude at close of business on 29th June 2026. This is a natural completion of his term, not a resignation. The Board has unanimously recommended the appointment of Mr. Prasad Bala Nagendra Venkatavara Vadlapatla (DIN: 11277706) as a Non-Executive Independent Director effective 30th June 2026 for a period of 3 consecutive years, subject to shareholder approval at the ensuing AGM. Mr. Vadlapatla is a Chartered Accountant with over 28 years of experience in accounting, taxation, governance, and compliance. There are no inter-se relationships between directors.
This is a routine board succession with no red flags. The appointment of a qualified Chartered Accountant as Independent Director maintains board independence and governance standards. Shareholders will vote on this appointment at the AGM.