Key Appointments and Tenure Details

Based on the recommendation of the Nomination and Remuneration Committee, the Board approved the following appointments:

  • Mrs. C Renuka Rani (DIN: 08612747) appointed as Additional Director designated as Independent Director for a period commencing from 6th September 2026 till 30th September 2028, recommended for shareholder approval
  • Mr. A Seshagiri Rao (DIN: 09608973) appointed as Independent Director for a period of 5 years effective from 6th September 2026, subject to shareholder approval
  • Mr. P Dinakara Rao (DIN: 00009801) appointed as Independent Director for a period of 5 years effective from 30th September 2026, subject to shareholder approval

Cessation of Director

Mr. A V Sarma (DIN: 00499468) ceased to be Independent Director of the Company upon completion of his first term of 2 consecutive years on 5th September 2026. Consequently, he also ceased to be member/chairperson of various committees.

Director Profiles and Qualifications

Mrs. C Renuka Rani holds an LLM from Osmania University with over 25 years of experience as a legal counsel to various corporates. Her expertise includes Contract Management, Corporate Governance, Litigation Management, Intellectual Property Services, and Arbitration. She has served as Member of the Institutional Ethics Committee and Chairperson of the Internal Complaints Committee. Her scholarly contributions include publications "Maintainability of Writ of Habeas Corpus for the Custody of Wife" and "History of Law Reporting in India" in the Madras Law Journal.

Mr. A Seshagiri Rao, aged 65 years, holds a Bachelor of Science degree and Bachelor of Law degree from Andhra University. He holds diplomas in Industrial Relations & Personnel Management and Marketing & Sales Management from Bharatiya Vidya Bhavan. He is a Certified Associate of Indian Institute of Bankers (CAIIB Retail Banking examination) from the Institute of Banking & Finance. With over 35 years of experience across Business Development, General Administration, Banking and Financial Services, he has expertise in branch management, credit operations, risk management, and business growth strategies.

Mr. P Dinakara Rao, aged 81 years, has done his Post Graduate Degree in Applied Economics. He started his career as a Probationary Officer with the State Bank of Hyderabad and specialized in Human Resources Development, Personnel Management, Training, and Corporate Credit. He received training in Behavioral Science from the Indian Society for Individual and Social Development (ISISD) and Transactional Analysis from the International Transactional Analysis Association (ITAA). He retired as Chief General Manager from the State Bank of Hyderabad in 2005. With over 35 years of experience across Business Development, General Administration, and Banking and Financial Services, he has expertise in branch management, credit operations, risk management, and business growth strategies.

Relationship Disclosures

All three newly appointed directors (Mrs. C Renuka Rani, Mr. A Seshagiri Rao, and Mr. P Dinakara Rao) have confirmed they have no relationship with any of the directors of the Company.

Regulatory Compliance Confirmations

In compliance with Circular No. LIST/COMP/14/2018-19 issued by BSE Limited and circular No. NSE/CML/2018/24 issued by National Stock Exchange of India Limited (NSE), the company confirms that all three newly appointed directors have not been debarred from holding the office of Director by virtue of any SEBI order or any other authority.

Additional Details

The filing includes reference to SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024, read with Circular No. SEBI/HO/CFD/CFD-PoD-2/CIR/2024/185 dated December 31, 2024, with additional details provided in Annexure-A.