Agri-Tech (India) Limited: Independent Director Vadla Nagabhushanam Steps Down as Shareholders Reject Re-appointment

1 min read Updated on 30 Oct 2025, 07:27 PM

Reviewed by

Shriram ShekharScanX News Team

Overview

Agri-Tech (India) Limited has announced that Mr. Vadla Nagabhushanam will step down from his role as Independent Director, effective October 30, 2025. This decision follows the shareholders' rejection of his re-appointment at the Annual General Meeting held on September 19, 2025. Mr. Nagabhushanam, who also served on the Nomination and Remuneration Committee, will complete his first term on October 29, 2025. The company has expressed appreciation for his contributions and guidance during his tenure.

*this image is generated using AI for illustrative purposes only.

Agri-Tech (India) Limited has announced the departure of Mr. Vadla Nagabhushanam from its board as an Independent Director. This change in the company's leadership structure comes as a result of shareholders' decision at the recent Annual General Meeting.

Key Details of the Directorship Change

Aspect	Details
Director Name	Mr. Vadla Nagabhushanam
DIN	08863512
Position	Independent Director
Effective Date of Cessation	October 30, 2025
Reason for Cessation	Completion of first term; Re-appointment not approved by shareholders
Last Day of First Term	October 29, 2025
Date of Decisive AGM	September 19, 2025

Background and Implications

Mr. Nagabhushanam's tenure as an Independent Director came to an end following the completion of his first term on October 29, 2025. The company had proposed his re-appointment, but this resolution failed to secure approval from the shareholders at the Annual General Meeting held on September 19, 2025.

In addition to his role as an Independent Director, Mr. Nagabhushanam also served as a member of the Nomination and Remuneration Committee. His departure will necessitate a restructuring of this important board committee.

Company's Statement

The Board of Directors and Management of Agri-Tech (India) Limited have expressed their appreciation for Mr. Nagabhushanam's contributions. In their official statement, they acknowledged his invaluable guidance and services during his tenure as an Independent Director.

Regulatory Compliance

This announcement aligns with the regulatory requirements set forth by the Securities and Exchange Board of India (SEBI). Agri-Tech (India) Limited has made this disclosure in accordance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The company has also provided additional details as mandated by SEBI's master circular dated November 11, 2024, ensuring transparency in corporate governance matters.

As Agri-Tech (India) Limited navigates this change in its board composition, stakeholders will be keen to observe any potential impacts on the company's governance structure and future strategic decisions.

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