Veljan Hydrair Limited has made a regulatory disclosure pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 regarding the reappointment of a director.
Board Decision and Effective Dates
The Board of Directors, at its meeting held on 03.08.2026, approved the reappointment of Dr. Suresh Akella for a second consecutive term of five years. The term is scheduled to commence from 30.09.2026 and end on 29.09.2031.
Approval Requirements
This reappointment is subject to approval by the company's shareholders through a special resolution.
Basis for Reappointment
The Board's decision was based on the recommendation of the Nomination and Remuneration Committee. The Board determined that Dr. Suresh Akella continues to satisfy the independence criteria prescribed under both the Companies Act, 2013 and the SEBI Listing Regulations.
Director Qualifications and Experience
Dr. Suresh Akella is described as an accomplished professional with extensive experience in Manufacturing and FEMA (Foreign Exchange Management Act). He possesses significant expertise in technology and industry, and has made valuable contributions to the Board through strategic guidance and independent oversight.
Regulatory Compliance Confirmations
The company confirms that:
- Dr. Suresh Akella is not related to any other director of the company
- Dr. Suresh Akella is not debarred from holding the office of Director by virtue of any order passed by SEBI or any other authority
Financial Impact
No financial impact or compensation details are disclosed in the filing.