Dipankar Dasgupta appointed Independent Director from Oct 1, 2026; A.S. Nageswar Rao retires
Board change approved by shareholders at the 41st AGM held on September 30, 2026.
- New Independent Director
- Mr. Dipankar Dasgupta appointed from October 01, 2026
- Retiring Independent Director
- Mr. Amudala Sreeramulu Nageswar Rao ceased on September 30, 2026
- Director Experience
- More than 35 years in finance, economy and management
- Director Qualifications
- B.Com., CA (Inter)
- Director Shareholding
- NIL securities of the company
What happened
Members of the company approved, by Special Resolution at the 41st Annual General Meeting held on September 30, 2026, a change in the Independent Director position on the board.
- Mr. Dipankar Dasgupta (DIN: 05312364) is appointed Independent (Non-Executive) Director with effect from October 01, 2026.
- Mr. Amudala Sreeramulu Nageswar Rao (DIN: 07030259) ceases to be an Independent Director from September 30, 2026, on completion of his first term.
About the incoming director
Qualifications: B.Com.; CA (Inter). He has more than 35 years of experience in finance, economy and management, speaks on current economic and financial affairs and has command over various foreign languages including English.
He is not related to the promoter or promoter group, and not related to any Directors or Key Managerial Personnel of the company. The company states he is not debarred from holding office of a director by any SEBI order or other authority.
Shareholding
In the Form B disclosure under the SEBI insider trading rules, Mr. Dasgupta reported NIL securities of the company held at the time of appointment, with NIL shareholding percentage and NIL open interest in derivatives.
What it means for investors
This is a routine board-level succession: an Independent Director completing his term is replaced by a newly approved Independent Director, keeping the board composition intact. There is no change in promoter or executive management disclosed here, and no financial impact is stated.
More numbers
- Experience of incoming directormore than 35 years
- Securities held by Mr. Dasgupta on appointmentNIL
- Shareholding percentage of Mr. DasguptaNIL
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