This disclosure informs of a management change at The Andhra Petrochemicals Limited following the death of former Chairman Dr. Pamidi Kotaiah (DIN 00038420) on 23rd July 2026, which was previously intimated to the BSE via letter dated 24th July 2026.
As per Article 116 of the Company's Memorandum & Articles of Association, The Andhra Sugars Ltd. holds the right to nominate the Chairman of The Andhra Petrochemicals Ltd. The Andhra Sugars Ltd. formally nominated Sri Gottipati Sree Venkateswara Prasad (DIN 08797795), who was already serving as a Non-Executive & Independent Director on the board, for the position of Chairman. This nomination was communicated via letter dated 8th October 2026.
The board of The Andhra Petrochemicals Ltd. noted and accepted this nomination on 12th October 2026, appointing Sri G S V Prasad as Chairman for a term of three years, effective immediately from that date.
Chairman Profile
Name: Gottipati Sree Venkateswara Prasad
DIN: 08797795
Date of Birth: 10th June, 1959
Education: Bachelor of Engineering (Mechanical)
Professional Background: Joined Hindustan Petroleum Corporation Ltd (HPCL) in 1984 as a Sales Officer and retired as Director (Retail) after a 35-year career. Worked across multiple locations including Solapur, Mumbai, Hyderabad, Kolkata, Vizag, Nagpur, Madurai, Pune, and Rajkot.
Key Achievements: Conceptualized and launched India's highest octane fuel, Power-99; awarded India's Inspirational Business Leader (Iconic Leader) by WCRC, London in 2010; received the All India Vigilance Excellence Award - 2012 from VSC Hyderabad Chapter. Held the unique distinction of heading HPCL's vigilance department twice - first as Chief Vigilance Officer (Chief Manager) and later as Deputy Chief Vigilance Officer (DGM).
Areas of Expertise: Marketing Science & Technology, Administration, Project Finance, Planning, and Vigilance.
Other Directorships: Serves as Director at The Andhra Sugars Ltd. and JOCIL Ltd.
Relationship Disclosure: Not related to any other Director or Key Managerial Personnel (KMP) of the company.
Status: Not debarred from appointment.