Board Meeting Details

The Board Meeting commenced at 5:00 p.m. IST and concluded at 6:45 p.m. IST on September 02, 2026.

Key Decisions Approved

1. Appointment of Managing Director

The Board approved the reappointment of Mr. Manmohan Rao Suddhala (DIN: 00109433) as Managing Director for a period of one year, with effect from October 1, 2026 to September 30, 2027, subject to shareholder approval.

Profile Details: Engineering Graduate with over 49 years of managerial experience in setting up and operating small and medium-sized manufacturing companies, with industry exposure in Textiles, Paper and Software Services.

Shareholding: Holds 17,95,223 shares (6.42%) in the company.

Compliance Status: Not debarred from holding office of director pursuant to any SEBI order or any other authority.

2. Appointment of Independent Directors

  • Mr. Kondaipally Vamshi Krishna (DIN: 11904619) appointed as Additional (Non-Executive, Independent Director) effective September 2, 2026. Term of appointment is for five years subject to shareholder approval.

Profile: Practicing Advocate with experience in legal advisory, corporate, and regulatory matters.

  • Mr. Nageswara Rao Parimi (DIN: 06430870) appointed as Additional (Non-Executive, Independent Director) effective September 2, 2026. Term of appointment is for five years subject to shareholder approval.

Profile: Experienced professional with expertise in real estate sector, including property development and business management.

Both directors have no relationships with other directors and are not debarred from holding director office.

3. Reconstitution of Board Committees

The Board reconstituted the following committees with effect from September 2, 2026:

Audit Committee:

  • Chairman: Sri Nageswara Rao Parimi (Independent Director)
  • Members: Sri Kondaipally Vamshi Krishna (Independent Director), Smt Triveni Vuddaraju (Independent Director)

Nomination and Remuneration Committee:

  • Chairman: Sri Nageswara Rao Parimi (Independent Director)
  • Members: Sri Kondaipally Vamshi Krishna (Independent Director), Smt Triveni Vuddaraju (Independent Director)

Stakeholders Relationship Committee:

  • Chairman: Sri Nageswara Rao Parimi (Independent Director)
  • Members: Sri Kondaipally Vamshi Krishna (Independent Director), Smt Triveni Vuddaraju (Independent Director)

4. Annual General Meeting

The Board approved convening the 41st Annual General Meeting (AGM) on Tuesday, September 29, 2026 through VC/OAVM.

The Register of Members and Share Transfer Books shall remain closed from September 23, 2026 to September 29, 2026 (both days inclusive) for the purpose of AGM.

5. Appointment of Service Providers

  • M/s. MVK & Associates, Company Secretaries appointed as Scrutinizer for the 41st AGM
  • CDSL appointed for providing e-voting and video conferencing facilities for the AGM

6. Secretarial Auditors Appointment

MVK & Associates appointed as Secretarial Auditors for five years from 2026-2027 to 2030-2031.

Profile: A firm of Company Secretaries with more than four years experience, specialized in Company Law, Securities Laws, Corporate Governance matters, Legal Due Diligence, Joint Ventures, Foreign Collaborations, Technology Transfers, Mergers and Acquisitions, Due Diligence, Listings & Capital Market Transactions.

Resignations Accepted

1. Mrs. Lakshmi Gurram (DIN: 07145515)

Resigned as Non-Executive Independent Director effective close of business hours on September 2, 2026 due to personal and professional commitments.

Confirmed no material reasons for resignation other than those stated. Held no directorships in other listed entities.

2. Mr. Kollu Venkata Srinivasa Rao (DIN: 02834578)

Resigned as Non-Executive Independent Director effective close of business hours on September 2, 2026 due to personal and professional commitments.

Confirmed no material reasons for resignation other than those stated. Held no directorships in other listed entities.

Financial Impact

Financial impact not quantified in the disclosure.