1. Change in Director / Key Managerial Personnel
Nature of change: Appointment and designation as Senior Managerial Person (SMP)
Name and DIN of the individual: Mr. Srinivas Reddy K (DIN not provided in disclosure)
Effective date and tenure: Appointment effective from May 30, 2026. Tenure not specified.
Brief profile and relevant qualifications: Mr. Srinivas Reddy K is a Postgraduate in Material Management and Asset Management with over 29 years of extensive professional experience in procurement, materials management, supply chain management, logistics, strategic sourcing, and vendor relationship management. He possesses significant expertise in negotiating and managing procurement contracts with vendors across domestic and international diverse geographies, ensuring cost optimization, operational efficiency, and uninterrupted supply chain operations. He has held senior leadership positions with reputed pharmaceutical organizations, serving as General Manager at Hetero Labs Limited and subsequently as Associate Director at Dr. Reddy's Laboratories Limited, where he was responsible for overseeing critical procurement, supply chain, and vendor development functions.
Confirmation of eligibility: Designated as Senior Managerial Person (SMP) in accordance with Regulation 16 of SEBI (LODR) Regulations, 2015.
Relationship with other directors: Not disclosed.
Previous KMP: Not disclosed who held the position earlier.
2. Key Financial or Operational Approvals
Re-appointment of Internal Auditors: The board re-appointed M/s. Vennapusa & Sunkara, Chartered Accountants, Hyderabad as Internal Auditors of the Company for the financial year 2026-27. The firm is a partnership with over 17 years of experience in statutory audits, internal audits, and bank branch audits, along with comprehensive services in direct and indirect taxation. Founded by CA Vennapusa Chennareddy and CA Sunkara Kotireddy. The firm undertakes representation before Income Tax and GST authorities.
Re-appointment of Cost Auditors: The board re-appointed M/s. NSV Krishna Rao & Co, Cost Accountants, Hyderabad as Cost Auditors of the Company for the financial year 2026-27. The firm is a proprietorship with more than 31 years' experience in Cost Audit, Cost records Maintenance, Costing System design & other costing related services. They have clients from various sectors including Electronics, Iron and steel and infrastructure.
Meeting details: The meeting of the Board of Directors commenced at 7:30 PM and concluded at 11:30 PM on May 30, 2026.
3. Strategic or Business Context
No specific business outlook, risks, trends, or strategic commentary was provided in the disclosure.
4. Any Other Material Information
Disclosure of relationship: For all appointments (SMP, Internal Auditors, Cost Auditors), the company stated "Not applicable" regarding disclosure of relationship.