Summary of Key Information:
Reporting Period (Quarter/Year): Not Applicable
Nature of Filing / Announcement: Disclosure under Regulation 30 of SEBI LODR Regulations, 2015 - Change in role of Director
Date of Board Meeting / Approval: July 01, 2026
Audit Opinion: Not Specified
Auditor’s Comment: Not Specified
Key Financial Highlights: Not Specified
Standalone Results: Not Specified
Consolidated Results: Not Specified
Segment-wise Performance: Not Specified
Corporate Actions:
- Change in role of Mrs. Kavita Prasad Aluru from Non-Executive Director to Executive Director approved by the Board.
- The appointment is for a period of 5 (five) years, effective from July 01, 2026.
- The appointment is subject to approval by the shareholders of the Company.
Regulatory Disclosures:
- The disclosure is made pursuant to Regulation 17, 30 read with Para A of Part A of Schedule II of SEBI LODR Regulations, 2015.
- The disclosure also references SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026.
- The change was approved based on the recommendation of the Nomination and Remuneration Committee.
- Mrs. Kavita Prasad Aluru (DIN: 00319292) is not debarred from holding the office of Director by any order from SEBI or other authorities.
Other Significant Information:
- Director Profile: Mrs. Kavita Prasad Aluru has been associated with the Company for over two decades and has served on the Board since the year 2000. She has extensive experience in exports, finance, banking, treasury, corporate governance, strategic planning, and business operations.
- Past Role: During her earlier tenure as Executive Director, she played an active role in the day-to-day management of the Company.
- Family Relationships: She is the daughter of Dr. A J Prasad (Chairman and Managing Director), spouse of Mr. MSS Srinath, and mother of Ms. Deeksha Mikkilineni.
- Meeting Timing: The Board meeting commenced at 03:00 PM and concluded at 04:45 PM.
The letter was signed by GBS Naidu, Company Secretary.