Savera Industries Appoints New Director, Notes Resignation

Savera Industries Ltd. announced a revision to its Board Meeting outcome held on August 8, 2026. The board approved the unaudited financial results for the quarter ended June 30, 2026, along with the Limited Review Report from statutory auditors, which had an unmodified opinion. Additionally, the company approved the notice for the 57th Annual General Meeting and the Director's Report for FY 2025-2026. A key management change involved the appointment of Mr. Karthikei Balan as an Additional Director, Non-Executive Independent Director. The board also noted the resignation of Mrs. Pujitha Reddy Kamineni as a Non-Executive Independent Director and Chairman of the Nomination and Remuneration Committee, effective August 8, 2026, due to pre-occupation with other work.