OUTCOME OF BOARD MEETING HELD ON 30-05-2025
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Samsrita Labs held a board meeting on 30 May 2025 where two independent directors, Mr. Akella Satya Surya Visweswara Srinivas and Mr. Ramamohanreddy Yarragudi, resigned with immediate effect citing personal reasons, with no material reasons disclosed. The board approved the appointment of two new independent directors, Mr. Srinivasa Rao Koyyalamudi (26+ years 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. Board committees — Audit, Nomination & Remuneration, and Stakeholder Relationship — were reconstituted with the new independent directors taking key roles including chairmanships.
The simultaneous resignation of two independent directors and their replacement is a routine governance reshuffle and is unlikely to materially impact stock price. Shareholders will get to vote on the new appointments, so investor attention should focus on the upcoming shareholder approval process.