Intimation Completion of tenure of Independent Director of the Company
VISAKAIND · price
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Visaka Industries informed the stock exchanges that Shri Srikar Palem Reddy (DIN: 00001401) has completed his second term as an Independent Director of the company, effective from the close of business hours on July 24, 2025. As a result, he also ceased to be a member of the Audit Committee and the Nomination & Remuneration Committee of the Board. This is a routine regulatory disclosure under SEBI Listing Regulations, and no other details about the director or reasons beyond tenure completion were provided. The company has not announced a replacement for this position in this filing.
This is a routine governance disclosure with no material impact on the stock or shareholders. The company will need to fill the vacant Independent Director position in due course to maintain board composition requirements.