Management Change6 May 2026, 05:31 pm
Vimta Labs Re-appoints Dr. S. P. Vasireddi as Executive Chairman
AI Summary
Vimta Labs Ltd. has re-appointed Dr. S. P. Vasireddi (DIN 00242288) as Executive Chairman, based on the recommendations of the Nomination and Remuneration Committee and the approval of the Audit Committee. The re-appointment, approved by the Board of Directors on May 6, 2026, is subject to shareholder approval at the upcoming Annual General Meeting. His term will be for five years, from July 1, 2026, to June 30, 2031. Dr. Vasireddi's profile and experience are detailed in Annexure I, as per SEBI circulars dated July 13, 2023, and November 11, 2024.
Key Highlights
- Dr. S. P. Vasireddi re-appointed as Executive Chairman of Vimta Labs.
- Term is for five years, from July 1, 2026, to June 30, 2031, pending shareholder approval.
- Re-appointment follows Nomination and Remuneration Committee and Audit Committee recommendations.
- Dr. Vasireddi has been associated with the company since its inception.
- He is the father of Ms. Harita Vasireddi, a Director, and holds 51,97,050 equity shares.
Price Impact
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