AGM approves regularisation of three Independent Directors and confirms Managing Director
Kodanda Ram Babu Punukollu — Independent Director, 3 years (30 Sep 2025 to 29 Sep 2028).
- AGM Date
- 29 September 2026
- Kodanda Ram Babu Punukollu Term
- Independent Director, 3 years (30 Sep 2025 to 29 Sep 2028)
- Shashank Vaidya Term
- Independent Director, 3 years (30 Sep 2025 to 29 Sep 2028)
- Vidya Sobhanaditya Jonnalagadda Term
- Independent Director, 5 years (18 Oct 2025 to 17 Oct 2030)
- Rajendra Naniwadekar Shareholding
- 11,05,928 shares
What was approved
At the 36th Annual General Meeting held on Tuesday, 29 September 2026, members approved resolutions covering four directors.
- Kodanda Ram Babu Punukollu — regularised as Independent Director for three consecutive years, from 30 September 2025 to 29 September 2028.
- Shashank Vaidya — regularised as Independent Director for three consecutive years, from 30 September 2025 to 29 September 2028.
- Vidya Sobhanaditya Jonnalagadda — regularised as Independent Director for five consecutive years, from 18 October 2025 to 17 October 2030.
- Rajendra Naniwadekar — regularised as a Director, and his appointment as Managing Director was confirmed.
Backgrounds as stated
Punukollu is a finance and accounting professional with over 48 years of experience, currently Group Internal Auditor at Prasaditya Group Companies, and a director in Deccan Auto Ltd, I Power Solutions Ltd, Seutic Labs Private Ltd and Seutic Pharma Pvt Ltd. He is a CPA (USA) with post-graduate diplomas in Financial Management and Management.
Vaidya, MSc (Agri.), PGDMSM, has more than 35 years as an investment and management consultant across capital market transactions, mergers and acquisitions, joint ventures and business strategy. He is an Independent Director of Lamhas Satellite Services Ltd.
Jonnalagadda has over 40 years as a biology researcher and teacher, with a PhD from the University of Pennsylvania and research work at IISc Bangalore, Fox Chase Cancer Center, CCMB Hyderabad, Osmania University and MIT.
Naniwadekar is an investment strategist and independent consultant on valuation, capital structure and M&A, and was earlier President of The Hyderabad Stock Exchange Limited and a Governing Board member there for over a decade. He holds an MBA in Finance.
Shareholding of the directors
- Naniwadekar: 11,05,928 shares
- Jonnalagadda: 21,637 shares
- Punukollu and Vaidya: NIL
What it means for investors
These are governance-level confirmations: appointments made earlier by the board now carry shareholder approval, giving the board and the managing director a settled term. The update states that none of the directors is a willful defaulter or barred by SEBI or any other regulator, and there are no inter-se relationships among the directors.
More numbers
- Naniwadekar shareholding11,05,928 shares
- Jonnalagadda shareholding21,637 shares
- Punukollu experienceover 48 years
- Vaidya experiencemore than 35 years
- Jonnalagadda experienceover 40 years
- Independent Director term (Punukollu, Vaidya)three consecutive years
- Independent Director term (Jonnalagadda)five consecutive years
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