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Unipro Technologies informed BSE that the Special Resolution to appoint Mr. Eppalapalli Ramesh (DIN: 07470529) as Independent Director for a five-year term was not approved by shareholders at the AGM held on August 30, 2025. Since the resolution did not secure the requisite majority, his appointment as Additional Director (Independent Category) could not be confirmed, and he ceases to hold office from the AGM date. Mr. Ramesh had originally been appointed by the Board on July 17, 2025, subject to shareholder approval. The Board recorded appreciation for his brief tenure.
Shareholder rejection of a board appointee raises governance concerns and may dent investor confidence. The company now has a board vacancy in the independent director category, which it will need to fill promptly to comply with SEBI LODR norms on board composition.