The approval of the shareholders for the appointment of Mr. Rajesh was sought through Postal Ballot and the same was negated. The scrutinizer's report was received by the Company on 27 June, 2025.
VINEETLAB · price
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Vineet Laboratories had appointed Mr. Rajesh Kumar Kathulla as an Additional Director designated as Whole Time Director on May 14, 2025, subject to shareholder approval. The company sought shareholder approval through a Postal Ballot, but the proposal was negated, meaning shareholders voted against his appointment. Consequently, Mr. Rajesh Kumar Kathulla ceased to be a Whole Time Director of the company effective June 25, 2025, as reported under SEBI LODR Regulation 30. The scrutinizer's report confirming the outcome was received on June 27, 2025. The Managing Director, Mr. Gaddam Venkata Ramana, remains in charge of the company.
This is a negative governance signal — shareholders publicly rejected the board's choice for a key managerial position, which may create uncertainty around leadership and could weigh on investor sentiment in the short term.