Key Details of Resignation
- Mr. Satyanarayana Murthy Chavali (DIN: 00142138) resigned as Independent Director of Gland Pharma Limited
- Effective date: Close of business hours on June 15, 2026
- Reason: Potential conflict of interest that may arise in the future
- Specific circumstance: A company where Mr. Chavali serves as Promoter and Director proposes to enter a business segment that may be similar to or overlap with business activities that Gland Pharma Limited has proposed to enter
Additional Information
- No other material reasons for resignation apart from the stated conflict of interest
- Resignation letter enclosed as Annexure B
- Brief profile, disclosure of relationships, and information pursuant to BSE Circular deemed Not Applicable
- The resignation was submitted to maintain highest standards of corporate governance, transparency, and independence
Document Preparation
- Prepared by Pallerlamudi Sampath Kumar, Company Secretary & Compliance Officer
- Digitally signed on June 16, 2026 at 15:51:32 +05:30
- Addressed to BSE Limited and National Stock Exchange of India Limited
Company Registered Office
Survey No. 143-148, 150 & 151, Near Gandimaisamma 'X' Roads, D.P. Pally, Dundigal, Dundigal-Gandimaisamma Mandal, Medchal-Malkajgiri District, Hyderabad 500043, Telangana, India