Mr. K Nagesh Babu is appointed as an Independent Director and Member in all Committees of the Board for a period of 5 years w.e.f. 07.05.2025 subject to shareholder''s approval in the ensuing ....
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Swarna Securities has appointed Mr. Kosaraju Nagesh Babu (DIN: 11067431) as an Independent Director on its Board for a term of 5 years, effective May 7, 2025. The appointment is subject to shareholder approval at the upcoming 35th Annual General Meeting scheduled for May 31, 2025. He will also serve as a member of the Audit Committee, Nomination & Remuneration Committee, and Stakeholders Relationship Committee. Mr. Nagesh Babu is a civil engineer with over 30 years of experience in infrastructure development and construction management, with no prior relationship to any existing directors on the Board. He is not debarred from holding the office of director by any regulatory authority.
This is a routine governance update with no material impact on the company's financials or operations. It strengthens board composition by adding an independent director with relevant industry experience, subject to shareholder approval at the AGM.