Venlon Enterprises has accepted the resignation of Mr. Mysuru Devaraju Dhanush from the position of Independent Director, effective September 19, 2026.

The company disclosed in a filing with the Bombay Stock Exchange that Mr. Dhanush submitted his resignation letter on September 18, 2026. The departure stems from the expiry of his registration with the Institute of Directors Development Bureau (IDDB) this year, rendering him ineligible to continue in the role. He also cited other personal commitments as a factor.

Resignation Details

Mr. Dhanush stepped down not only from the board but also from various committees of the company. The filing confirms there are no other material reasons for his resignation.

Key details regarding the change in directorship are outlined below:

Mr. Dhanush does not hold directorships on the board of any other listed entity and therefore does not hold membership of any board committee of a listed entity outside Venlon Enterprises. The company stated it has received a confirmation from Mr. Dhanush that there are no undisclosed material reasons for his exit.

The resignation was accepted by the Board of Directors, with C.D. Datwani, Chairman and Managing Director, signing off on the acceptance. Gargeshwari Dhruvarao Rama Rao, Company Secretary, certified the disclosure pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Venlon Enterprises appointed Santhosh Kumar Shet as an additional non-executive independent director on September 18, 2026. The board approved the five-year term during a meeting held in Mysore, subject to shareholder ratification.

The appointment aligns with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Shareholders must approve the selection at the next general meeting, which the company must convene within three months of the board’s decision.

Director Profile

Mr. Shet brings over 30 years of leadership experience across corporate governance, ESG oversight, and regulatory affairs. His background spans manufacturing, petrochemicals, and large-scale infrastructure projects. He holds a B.E. in Chemical Engineering from NITK Surathkal and a PGDM in Systems & Marketing from TAPMI.

He is a Chartered Engineer and a Fellow of The Institution of Engineers (India). Additionally, he serves as a consultant on ESG, startup support, and regulatory affairs. The disclosure confirms he is not related to any existing directors on the board.

Regulatory Compliance

The company notified the Bombay Stock Exchange of the appointment via its Company Secretary and Compliance Officer, G D Ramarao. The intimation cites SEBI circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026, regarding director disclosures.