Change in Director / Key Managerial Personnel

Reappointments Approved by Board:

  • Mrs. Malathi Siripurapu (DIN: 03033944) reappointed as Whole-Time Director for 3 years from 17th March 2027 to 16th March 2030
  • Mr. Rajesh Cherukuri (DIN: 09840611) reappointed as Whole-Time Director for 3 years from 2nd April 2027 to 1st April 2030
  • Mr. Ramesh babu Nemani (DIN: 08089820) reappointed as Independent Director for second term of 5 years from 23rd March 2027 to 22nd March 2032
  • All reappointments subject to shareholder approval at ensuing 19th Annual General Meeting

New Appointment:

  • Mr. Gopi Mallikharjuna Rao Avvaru (ICSI Membership No. A74930) appointed as Company Secretary and Compliance Officer effective 14th August 2026

Director Profiles and Qualifications:

Mrs. Malathi Siripurapu

  • Age: 47 years, Date of Birth: 11/03/1979
  • Qualification: Bachelor of Commerce from Kakatiya University
  • Experience: 10+ years in managing financial activities and operations of agriculture and agro-product industry
  • Current Position: Whole-Time Director (appointed 17/03/2021)
  • Last drawn remuneration: ₹271.82 Lakhs
  • Committee Memberships: None
  • Directorship in listed entities: None

Mr. Rajesh Cherukuri

  • Age: 39 years, Date of Birth: 10/07/1987
  • Qualification: NTTF Diploma in Mechatronics from Tuticorin campus, Tamil Nadu (2007)
  • Experience: 15+ years experience, previously worked as Robotics Engineer at OMAX Autos Ltd, Senior Robotics Engineer to Senior Manager at ANZ International, Nash Industries, Tata Power Systems Ltd, and Aptar Beauty & Home India Pvt.Ltd
  • Current Position: Whole-Time Director (appointed 02/04/2024)
  • Last drawn remuneration: ₹20.08 Lakhs
  • Committee Memberships: None
  • Other Directorships: Nova Agri Sciences Private Limited, Nova Foundation For Agriculture Innovation And Research, Zeit Energy Private Limited

Mr. Ramesh Babu Nemani

  • Age: 50 years, Date of Birth: 04/07/1976
  • Qualification: M.Phil in Commerce from SV University, MBA (Finance & HR) from SV University
  • Experience: More than 28 years experience in training and research in corporate finance, financial statement analysis, investment analysis, portfolio management, and wealth management
  • Expertise: Published research papers in SCOPUS and UGC approved journals, conducted workshops and seminars on accounting and finance topics
  • Current Position: Independent Director (appointed 23/03/2022)
  • Remuneration: Sitting fees only (amount not specified)
  • Committee Memberships: Member of three committees and Chairman of two committees of the Board
  • Other Directorships: Manoj Vaibhav Gems 'N' Jewelers Limited, VSF Projects Limited, Athena Global Technologies Limited, GVR Infra Projects Limited, Nova Agri Sciences Private Limited, Nova Agri Seeds Private Limited

Mr. Gopi Mallikharjuna Rao Avvaru

  • Qualification: Associate Member of Institute of Company Secretaries of India
  • Experience: Practical experience in corporate legal and compliance matters with focus on Companies Act, SEBI Regulations, and allied laws
  • Expertise: Assisted in various corporate transactions ensuring smooth compliances and robust corporate governance

Governance Details:

  • All reappointments based on recommendation of Nomination and Remuneration Committee
  • All directors attended all board meetings during financial year
  • No pecuniary relationship with company except remuneration/sitting fees
  • No relationships between directors and new Company Secretary
  • Comparative remuneration considered commensurate with industry standards and company size