Nature of change: Appointment of Non-Executive Independent Director ratified by shareholders
Name and DIN: Sri Phaneendra Rao Kasturi (DIN: 11881707)
Effective date and tenure: Appointment effective from 12th August, 2026 for a term of five consecutive years (first term)
Profile and qualifications: Fellow Chartered Accountant in practice with over two decades of professional experience in audit, assurance, taxation, corporate advisory and financial governance. Secured All India 44th Rank in the Intermediate Examination conducted by ICAI and holds Diploma in ICAI. Professional exposure encompasses corporate governance, financial reporting, internal financial controls, regulatory compliance, information systems, banking operations and fiduciary oversight. Possesses sound understanding of Companies Act, SEBI regulatory framework, taxation laws and governance practices relevant to listed entities. Previously served as Chairman of the Kurnool Branch of the Institute of Chartered Accountants of India in 2022-2023. Also served as statutory auditor of NGOs, trusts, societies and Nidhi Company.
Relationship with other directors: Not related to any of the Directors of the Company
Confirmation of eligibility: Appointment complies with SEBI Listing Regulations as referenced through SEBI Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024
Meeting Details
Event: 21st Annual General Meeting
Date: 26th September, 2026
Timing: Started at 4:00 PM and concluded at 5:00 PM (duration: 1 hour)
