Vijaya Diagnostic Centre Limited has informed the Exchange regarding Cessation of Mr Satyanaryana Murthy Chavali and Mr Shekhar Prasad Singh as Non- Executive Independent Director of the company w.e.f. May 25, 2026.
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Vijaya Diagnostic Centre Limited has announced the cessation of two Non-Executive Independent Directors - Mr. Shekhar Prasad Singh and Mr. Satyanaryana Murthy Chavali - effective May 25, 2026. Both directors stepped down upon completion of their respective tenures, not due to resignation or any governance concerns. The company expressed appreciation for their valuable services and contributions during their tenure. One of the departing directors (Mr. Satyanaryana Murthy Chavali) held committee chairmanship positions at Gland Pharma Limited, indicating industry expertise. The other director had no listed company directorships. The filings were signed by CFO Ankit Shah and submitted to both NSE and BSE.
The departures reduce the board's independent director composition. While tenure completions are routine and do not indicate governance problems, shareholders should monitor whether the company appoints replacement independent directors to maintain board independence as required under listing regulations.