Adeshwar Meditex Limited has announced the demise of Mr. Benegal Parameshwara Udpa, who served as a Non-Executive Independent Director on the company's board. The announcement comes as part of the company's regulatory obligations under SEBI (LODR) Regulations, 2015.

Key Details

Clarification on Delayed Announcement

Adeshwar Meditex Limited provided additional context regarding the timing of their announcement:

1. The company was informed of Mr. Udpa's passing on October 28, 2025, by his family.
2. Upon receiving this information, the company immediately notified the BSE on the same day.
3. The delay between the date of passing and the company's announcement was due to the gap in communication from the director's family.

Regulatory Compliance

In response to a query from BSE dated October 29, 2025, Adeshwar Meditex submitted a detailed clarification on October 30, 2025. The company emphasized its commitment to regulatory compliance, stating that the notification was filed promptly once the information was received.

This incident highlights the challenges companies may face in maintaining timely disclosures, especially in sensitive situations involving the personal circumstances of key personnel. It also underscores the importance of clear communication channels between companies, regulatory bodies, and stakeholders to ensure transparency and compliance with listing obligations.

Adeshwar Meditex Limited continues to adhere to its regulatory responsibilities, as evidenced by its prompt response to the BSE's request for additional information on this matter.

Adeshwar Meditex Limited, a prominent medical devices manufacturer, has announced the passing of Mr. Benegal Parameshwara Udpa, a Non-Executive Independent Director of the company. The sad news was conveyed through a corporate announcement filed under Regulation 30 of SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015.

Key Details

Impact and Contributions

Mr. Udpa's sudden demise has been described as an irreparable loss to Adeshwar Meditex Limited. During his tenure, which began on June 30, 2023, Mr. Udpa made significant contributions to the company:

• Actively participated in various committee and board meetings
• Provided valuable guidance and vision
• Demonstrated hard work and dedication throughout his tenure

The company acknowledged that it had immensely benefited from Mr. Udpa's vision and active involvement in its operations.

Company's Response

The Board of Directors of Adeshwar Meditex Limited expressed their deep appreciation for Mr. Udpa's contributions:

• Proud of his hard work and dedication
• Inspired by his legacy
• Stated that his contribution and guidance will always be remembered

The board and employees of the company have conveyed their deep sympathy, sorrow, and condolences to Mr. Udpa's family.

This announcement underscores the significant role that independent directors play in the governance and strategic direction of publicly listed companies. The loss of such an experienced board member may require Adeshwar Meditex to seek a suitable replacement to maintain the required composition of its board of directors.