Intimation for appointment of new independent directors of the company
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Samsrita Labs Ltd's board, meeting on May 30, 2025, accepted the resignations of two Independent Directors — Mr. Akella Satya Surya Visweswara Srinivas and Mr. Ramamohanreddy Yarragudi — both citing personal reasons with immediate effect. To fill the vacancies, the board appointed Mr. Srinivasa Rao Koyyalamudi (26+ years of global experience in industrial software and digital transformation) and Mr. Johnson Selva Raj (experience in computer networking and project management) as Additional Independent Directors, each for a 5-year term subject to shareholder approval. The board also reconstituted its Audit, Nomination & Remuneration, and Stakeholder Relationship Committees with the new directors taking key roles including committee chairmanships.
Simultaneous exit of two independent directors is a notable governance event, though the quick replacement and full committee reconstitution suggest continuity in board oversight. Investors should watch for the shareholder approval of the new appointments at the next general meeting; no material financial impact is expected from these purely governance changes.