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At the 27th AGM held on September 30, 2025, shareholders of Tyche Industries approved several board changes effective September 5, 2025. Sandeep Gokaraju was appointed as Managing Director for a 5-year term, while his brother G. Ganesh Kumar stepped down as Chairman and Managing Director to take on the role of Executive Director. Satya Srinivas Uppalapati, a mechanical engineer with over 30 years of pharmaceutical industry experience, was appointed as Executive Director. Additionally, Srinivas Gelli was redesignated from Non-Executive Director to Non-Executive Independent Director for a 5-year term, and Penumatsa Vijaya Lakshmi was re-appointed as Independent Director for a second 5-year term ending September 29, 2030.
The reshuffle keeps promoter-family control of key executive positions through two brothers (Sandeep Gokaraju and G. Ganesh Kumar), signalling leadership continuity for shareholders but reinforcing family concentration at the company's top. Re-appointments of two independent directors strengthen board continuity, while the incoming executive director brings 30+ years of pharmaceutical marketing and operations experience.