Appointment of Non-Executive Independent Director on the Board of the Company.
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Vision Cinemas Ltd has appointed Mr. Babu Reddy Srinivas Reddy (DIN: 11276910) as an Additional Non-Executive Independent Director on its Board, effective September 5, 2025, for a five-year term subject to shareholder approval at the next AGM. Mr. Reddy is a commerce graduate with over 22 years of experience in the advertising industry, having managed agencies and held managerial roles. The company confirmed he is not related to the promoter group, meets independence criteria under the Companies Act 2013, and is not debarred by SEBI or any other authority. The appointment was approved by the Board via circular resolution on September 4, 2025, based on the recommendation of the Nomination and Remuneration Committee.
This is a routine board composition change that strengthens the independent oversight on the Board. For shareholders, it is a neutral governance event with no direct impact on operations or stock price.