Nature of the Event
The Board of Directors, in a meeting held on Thursday, August 13, 2026, considered and approved the appointment of Mr. Saripella Phani Kumar (DIN: 03546922) as an Additional Director, categorized as an Independent Director.
Terms of Appointment
The appointment is effective from August 13, 2026, for a term of five consecutive years. This appointment is subject to the approval of the shareholders of the company in the ensuing Annual General Meeting. The decision was made based on the recommendation of the company's Nomination and Remuneration Committee.
Director Profile
Mr. Saripella Phani Kumar is a senior professional with over 43 years of experience in the Bread and Bakery Industry. His extensive experience covers business operations, production management, administration, procurement, sales and marketing, human resources, quality management, and overall business growth.
Educational and Professional Qualifications
He holds a B.Sc. (Tech.) in Food Technology from the University Department of Chemical Technology, Bombay, and a B.Sc. (Hons.) from Bombay. He has also undergone training in Human Resources, HACCP Lead Auditor Training, and SQMS (McDonald's).
Compliance References
The filing is made in compliance with:
- Regulation 30 of the SEBI (LODR) Regulations, 2015
- SEBI Circular CIR/CFD/CMD/4/2015, dated September 09, 2015
- BSE Circular Number LIST/COM/14/2018-19 dated June 20, 2018
Financial Impact
The disclosure does not quantify any immediate financial impact from this board appointment.