Resignation of Independent Directors of the company
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Samsrita Labs Limited (BSE: 539267) announced that two Independent Directors — Mr. Akella Satya Surya Visweswara Srinivas and Mr. Ramamohanreddy Yarragudi — resigned with immediate effect on 30-05-2025, both citing personal reasons. In the same board meeting, the company appointed two new Independent Directors: Mr. Srinivasa Rao Koyyalamudi (26+ years in industrial software and digital transformation) and Mr. Johnson Selva Raj (expertise in computer networking and project management), each for a 5-year term subject to shareholder approval. All three key board committees — Audit, Nomination & Remuneration, and Stakeholder Relationship — have been reconstituted with the new directors. Both outgoing directors confirmed there are no other material reasons for their resignation.
While simultaneous resignations of two independent directors may raise governance questions, the company has promptly filled both vacancies, maintaining the required board composition and committee structure. Net impact on shareholders is likely neutral pending shareholder approval of the new appointments.