Approved the Re- appointment of Mr. Prathipati Parthasarathi, (DIN: 00004936) as Director (Non-Executive & Independent) of the Company with the recommendation of Nomination andRemuneration Committee subject to approval of shareholders with effect from 30th April, 2026 upto 29th April, 2031, for a period of Five Years, and Affirmed that Mr. Prathipati Parthasarathi, (DIN:00004936) being appointed is not debarred from holding the office of director by virtue of anySEBI order or any other such authority.
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The board has approved the re-appointment of Mr. Prathipati Parthasarathi (DIN: 00004936) as a Non-Executive & Independent Director of the company for a second term of five years, effective from April 30, 2026 to April 29, 2031. The re-appointment was recommended by the Nomination and Remuneration Committee and is subject to shareholder approval at the next general meeting. The company also confirmed that Mr. Parthasarathi is not debarred from holding a directorship by any SEBI order or other regulatory authority. This is a routine governance action to ensure continuity on the board, as the current term appears to be expiring.
This is a routine governance update with no material impact on shareholders or stock price. It ensures board continuity but does not change the company's business outlook or financial position.