Intimation for re-constitution of committees of the board
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Samsrita Labs announced changes to its board composition following a meeting on 30-05-2025. Two Independent Directors, Mr. Akella Satya Surya Visweswara Srinivas and Mr. Ramamohanreddy Yarragudi, resigned with immediate effect citing personal reasons, with no material issues flagged. To fill the vacancies, the board appointed two new Independent Directors — 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) — each for a 5-year term subject to shareholder approval. The Audit Committee, Nomination & Remuneration Committee, and Stakeholder Relationship Committee have all been reconstituted with the new directors taking up key roles including chairmanships.
The simultaneous exit and replacement of two independent directors means a near-complete turnover of the independent oversight on the board, which may raise short-term governance concerns, though the reasons cited are personal and uncontested. Shareholders should watch for the outcome of the shareholder approval for the new appointments.