Nature of change: Appointment of Mr. Y.V. Prashanth (DIN: 00345418) as an Executive Director.
Effective date and tenure: Appointment effective from 1st June 2026 for a period of 3 years, subject to approval of members at the ensuing Annual General Meeting.
Brief profile: Mr. Y.V. Prashanth attended his graduation in B. Pharmacy from Andhra University and MS in Pharmacy from USA. He was previously an Executive Director of the Company. He has experience in the field of Liquidity Management, Client Development, Marketing, Receivables and Payables Management.
Relationship with other directors: Mr. Y.V. Prashanth is the son of Sri Y.S.R. Venkata Rao, Managing Director and Promoter of the Company. He is the brother of Ms. Y. Lalithya Poorna who is Non-Executive Director and Promoter Group Shareholder of the Company.
Regulatory compliance: The appointment was made in compliance with Regulation 30 read with Schedule III of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, and SEBI Circular No. SEBI/HO/CFD/CFD-POD-1/P/CIR/2023/123 dated 13th July, 2023.
