NRC reconstituted: M Gopalakrishna appointed Chairman, P Venkateswara Rao inducted as Member
Board appointed Sri M Gopalakrishna, I.A.S. (Retd) as Chairman of the Nomination and Remuneration Committee, effective 4 November 2026.
By ScoutQuest · · 1 min read
- NRC Chairman Appointed
- Sri M Gopalakrishna, I.A.S. (Retd) as Chairman, effective 4 November 2026
- Outgoing Committee Chairman
- Sri G S V Prasad resigned as Chairman on 24 September 2026, continues as a Member
- New Committee Member
- Sri P Venkateswara Rao inducted as a Member
What the company disclosed
- The Board, at its meeting held on 4 November 2026, appointed Sri M Gopalakrishna, I.A.S. (Retd) (DIN 00088454) as Chairman of the Nomination and Remuneration Committee with effect from 4.11.2026.
- He replaces Sri G S V Prasad (DIN 08797795), who resigned as Chairman of the committee on 24.9.2026. Sri Prasad continues on the committee as a Member.
- Sri P Venkateswara Rao (DIN 06387165) has been inducted as a Member of the committee.
- Sri M S R V K Ranga Rao (DIN 00031720) continues as a Member.
- The Board meeting commenced at 10.30 a.m. and concluded at 12.30 p.m.
The reconstituted committee
- Sri M Gopalakrishna, I.A.S. (Retd), Chairman, effective 4.11.2026 - Non-Executive and Independent Director.
- Sri G S V Prasad, Member (Chairman up to 24.9.2026) - Non-Executive and Independent Director.
- Sri M S R V K Ranga Rao, Member - Non-Executive and Non-Independent Director.
- Sri P Venkateswara Rao, Member - Non-Executive and Independent Director.
What this committee does
The Nomination and Remuneration Committee is the board committee that deals with how directors and senior executives are identified, appointed and paid. A change in who chairs it, or who sits on it, is therefore a governance matter rather than a business or earnings matter.
How to read it
- The change at the top of the committee is a role change, not an exit: Sri G S V Prasad steps down as Chairman but remains a Member of the committee.
- The committee continues to be led by an independent director, with independent directors in the majority.
The same letter also forwarded the un-audited financial results for the quarter and half-year ended 30.9.2026 together with the Limited Review Report issued by the company's statutory auditors.
Also from Andhra Petrochemicals
Standalone results for the 3 months ended 30.09.2026
4 Nov 2026
Board meeting on 4 November 2026 to consider unaudited results for quarter and half-year ended 30 September 2026
26 Oct 2026
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