Visaka Industries Limited — Important, 14-02-2025: General Updates

The Board of Directors has approved the re-appointment of Shri Appnender Babu Gogineni and Smt. Vanitha Datla as Independent Directors for a second consecutive term of five years, effective May 26, 2025, pending shareholder approval.

Shri Gogineni, an industrialist with over three decades of experience in manufacturing corrugated packaging materials, is currently the Managing Director of Ratna Polymers Pvt. Ltd and holds several committee positions within the company. His extensive industrial exposure positions him as a valuable asset to the board.

Smt. Datla, with nearly thirty years of experience across various sectors, serves as the Vice Chairperson of Elico and is dedicated to advocating for women's empowerment in corporate roles. She also leads the Audit and Risk Management Committees within the company, contributing her expertise in financial analysis and strategic leadership.

This move strengthens the board's governance and diversity, aligning with long-term growth objectives. Investors should view this positively, as it reflects the company’s commitment to robust leadership and strategic oversight.