Independent Director completes second and final term; new Chairman appointed from October 01, 2026
Sri KPR Industries Ltd has informed BSE that Mr. Naveena Thammishetty Chandra (DIN: 00231636), Independent Director, completed his second and final term on September 30, 2026.
- Outgoing Independent Director
- Mr. Naveena Thammishetty Chandra (DIN: 00231636)
- Term Completion Date
- completed his second and final term on September 30, 2026
- Cessation Effective Date
- with effect from the close of business hours on September 30, 2026
- New Chairman Appointed
- Mr. Amarnath Narsing Rao Basha (DIN: 11257312) was appointed as the Chairman of the Company in his place
- New Chairman Effective Date
- with effect from October 01, 2026
A board change is what this exchange update is about: one Independent Director's term has come to an end, and a new Chairman has been appointed in his place.
What the update states
- Mr. Naveena Thammishetty Chandra (DIN: 00231636), an Independent Director of the Company, completed his second and final term as an Independent Director on September 30, 2026.
- Consequently, he was ceased as Director of the Company with effect from the close of business hours on September 30, 2026.
- The Board of Directors and the management expressed deep appreciation and gratitude towards him for his extensive contribution and stewardship towards the Company.
- Mr. Amarnath Narsing Rao Basha (DIN: 11257312) was appointed as the Chairman of the Company in place of Mr. Naveena Thammishetty Chandra with effect from October 01, 2026.
What the word cessation means here
The update records the reason for the change as cessation, and describes it as completion of two terms tenure as an Independent Director. In plain words, the director has stepped down because his permitted tenure has run its full course, rather than resigning or leaving for any other reason.
What changes
- The Company has a Chairman change: Mr. Naveena Thammishetty Chandra is replaced by Mr. Amarnath Narsing Rao Basha with effect from October 01, 2026.
- The individual concerned, Mr. Naveena Thammishetty Chandra, no longer holds the position of Director of the Company from the close of business hours on September 30, 2026.
- The update also records the Company's appreciation for his contribution and stewardship.
What a retail investor may take from this
Board and key managerial changes are normally watched because they affect who steers the Company and how its governance structure is composed. Here, the change follows the completion of a tenure, and a replacement Chairman has been named with effect from October 01, 2026. The update sets out the names, the dates and the reason for the change.
More numbers
- Tenure completed as Independent Directortwo terms
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