Key Decisions and Appointments

Director Resignations (Effective 28th July 2026):

  • Mr. Deepak Kukreti (DIN: 03146700) resigned as Whole-time Director due to personal reasons and other professional commitments.
  • Mr. Kothamasu Sri Surya Pratap (DIN: 09764069) resigned as Non-Executive Independent Director due to personal reasons and other professional commitments.
  • Mrs. Rajyalakshmi Ankireddy (DIN: 08974556) resigned as Non-Executive-Non Independent Director due to personal reasons and other professional commitments.
  • Mr. Sasikanth Rao (DIN: 08461309) resigned as Non-Executive Director due to personal reasons and other professional commitments.

All resigning directors confirmed no material reasons for resignation other than those stated and held no directorships in other listed entities.

Director Appointments (Effective 28th July 2026):

  • Mr. Dinabandhu Mohapatra (DIN: 01999979) appointed as Additional Director (Non-Executive, Independent Director) for a first term of five consecutive years, subject to shareholder approval. He is a former MD & CEO of Bank of India with over three decades of banking experience.
  • Mrs. Kollareddy Ranganayakamma (DIN: 00033569) appointed as Additional Director (Non-Executive Director), subject to shareholder approval where applicable. She has extensive corporate governance experience and is the mother of Mrs. Soumya Kukreti, Director and Promoter of the Company.

Chief Financial Officer Change (Effective 29th July 2026):

  • Mr. Palepu Ramakrishna Venkatachala resigned as CFO due to personal reasons and other professional commitments.
  • Ms. Rama Devi Dasari appointed as new CFO. She is a qualified Chartered Accountant with nearly 20 years of experience in finance and accounting across diverse industries.

Related Party Transaction

The Board approved payment of professional consultancy fees not exceeding ₹12,50,000 (Rupees Twelve Lakhs Fifty Thousand) per month plus applicable GST to Mr. Deepak Kukreti (a Related Party of the Company, being the spouse of Mrs. Soumya Kukreti, Director and Promoter) for rendering professional consultancy services related to the Company's renewable energy, wind energy, clean energy and allied business initiatives. This transaction requires approval of shareholders by way of a Special Resolution through Postal Ballot.

Additional Information

The Board meeting commenced at 07:00 P.M. and concluded at 08:00 P.M. on 28th July 2026. The company will seek shareholder approval for applicable special businesses through a Postal Ballot.

Financial Impact

No specific financial impact quantified beyond the disclosed consultancy fees of ₹12.5 lakh per month plus GST for the related party transaction.