Oxygenta Pharmaceutical Ltd — Updates, 20-06-2025: Company Update

Virupaksha Organics Limited has announced a board meeting on which it took control of Oxygenta Pharmaceutical Limited following a successful open offer. The board approved multiple executive and independent director appointments, including Mr. Chandra Mouliswar Reddy Gangavaram and Mr. Balasubba Reddy Mamilla as executive directors, and Mrs. Vedavathi Gangavaram along with four others as non-executive and independent directors. Concurrently, seven directors, including executive and independent members, resigned due to the management change. The board and its committees have been restructured to reflect the new leadership, signaling a significant shift in Oxygenta’s governance and strategic direction under Virupaksha’s control.