Vivimed Labs Limited — Important, 11-12-2024: General Updates

The Board of Directors has appointed two new Independent Directors: Ms. Subbarathnamma Palepu and Mr. Jarugula Siva Prasad, both of whom will serve for a term of five years, pending shareholder approval. Ms. Palepu brings 13 years of expertise in corporate advisory and secretarial work, while Mr. Siva Prasad has 12 years in the same area. The Board also expressed condolences for the recent passing of Independent Director Dr. Jamalapuram Harigopal, acknowledging his contributions to the company. Additionally, the Board discussed revisions to the Notice of the Annual General Meeting (AGM) and the Board Report, alongside the resignation of Non-Executive Director Mr. Subhash Varalwar. These leadership changes position Vivimed Labs for a renewed strategic direction and underscore the company’s commitment to strong governance.