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Awaiting price reaction for this filing.
At the AGM held on August 30, 2025, shareholders of Unipro Technologies did not approve the Special Resolution to appoint Mr. Pudvi Raj Thandakamalla (DIN: 11194043) as Whole Time Director for a 5-year tenure from July 18, 2025. The resolution failed to secure the requisite majority, and as a result, Mr. Thandakamalla automatically vacates his office and ceases to be associated with the Board in any capacity from August 30, 2025. He had been previously appointed by the Board on July 17, 2025 as an Additional Director in the Executive Category, subject to shareholder approval. The Board recorded its appreciation for his contributions during his brief tenure as Additional Director (Independent).
This is a governance red flag — shareholders publicly rejected a board-recommended director, which may signal dissent among owners about board composition or director selection. The rejection leaves a leadership gap at the company and could create uncertainty about future board stability and decision-making.