Resignation of Chief Financial Officer
Mr. Ravi Kumar Paritala has tendered his resignation from the post of Chief Financial Officer (CFO) and Key Managerial Personnel (KMP) of the Company.
- Effective Date: Closure of business hours on 06-08-2026
- Reason: Personal reasons
- Confirmation: Mr. Paritala confirmed there are no other material reasons for his resignation beyond those stated
- Continued Association: Mr. Paritala indicated he will continue his association with the company despite stepping down as CFO
Appointment of New Chief Financial Officer
The Board of Directors appointed Mr. P.S. Phaninder Nath as the new Chief Financial Officer & Key Managerial Personnel of the Company.
- Appointment Date: 06.08.2026
- Process: Appointment was based on recommendations of the Nomination and Remuneration Committee and Audit Committee
- Qualifications: Mr. Phaninder Nath is a Chartered Accountant (ICAI) based in Hyderabad, Telangana
- Experience: Extensive executive leadership experience spanning a decade, specializing in financial planning, reporting, regulatory compliance, internal controls, and ERP implementations
- Previous Roles: Former CFO at Vivimed Labs Ltd. and GSS Infotech Limited, Head of Administration & Compliance at Clariant India Limited, Finance Vice President at Vivimed Labs Ltd., SAP FICO Functional Consultant, and Financial Controller
Board Meeting Details
- Date: 06.08.2026
- Timing: Commenced at 04:00 PM and concluded at 5:30 PM (IST)