Nova Agritech Independent Director Kiran Kumar Adapa Resigns, Board Committees Reconstituted

Nova Agritech Limited has announced the resignation of Independent Director Mr. Kiran Kumar Adapa, effective January 12, 2026, due to professional commitments. The company has simultaneously reconstituted its Board committees to ensure continued governance compliance following the directorial change.

Director Resignation Details

Mr. Kiran Kumar Adapa (DIN: 09087754) submitted his resignation letter on January 12, 2026, stepping down from his position as Independent Director with immediate effect at 9:00 AM. The resignation was attributed solely to his other professional commitments, with the company confirming that no other material reasons contributed to his decision to leave.

Parameter:	Details
Director Name:	Mr. Kiran Kumar Adapa
DIN:	09087754
Effective Date:	January 12, 2026 - 9:00 AM
Reason:	Professional commitments
Other Directorships:	None

Board Committee Reconstitution

Following the resignation, the Board convened an emergency meeting on January 12, 2026, from 3:00 PM to 3:50 PM to reconstitute various committees. The restructuring ensures all committees maintain the required composition and continue functioning effectively.

Audit Committee

The Audit Committee has been reconstituted with Mrs. Swapna Kandula replacing Mr. Kiran Kumar Adapa as a member:

Position:	Name	Designation
Chairman:	Mr. Ramesh Babu Nemani	Independent Director
Member:	Mr. Adabala Seshagiri Rao	Independent Director
Member:	Mrs. Swapna Kandula	Independent Director

Other Committee Changes

The Stakeholders Relationship Committee now includes Mr. Adabala Seshagiri Rao as a new member, with Mrs. Swapna Kandula serving as Chairman. The Nomination & Remuneration Committee has been similarly restructured with Mr. Ramesh Babu Nemani as Chairman, supported by Mrs. Swapna Kandula and Mr. Adabala Seshagiri Rao as members.

The Corporate Social Responsibility Committee maintains Mr. Kiran Kumar Atukuri as Chairman, with Mr. Ramesh Babu Nemani replacing the outgoing director as a member alongside Mr. Adabala Seshagiri Rao.

Additional Corporate Actions

The Board also resolved to dissolve the IPO Committee, citing the complete utilization of IPO proceeds as the reason for this decision. This dissolution reflects the company's successful deployment of funds raised through its public offering.

Regulatory Compliance

All changes have been implemented in accordance with Regulation 30 of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015, and SEBI Circular SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024. The company has provided all required disclosures and documentation to stock exchanges, ensuring full regulatory compliance during this transition period.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-4.74%	-8.67%	-12.58%	-32.60%	-43.68%	-37.06%

Nova agritech Limited has announced the resignation of Independent Director Mr. Kiran Kumar Adapa, effective January 12, 2026, leading to a comprehensive reconstitution of the company's board committees. The resignation was communicated to BSE Limited and National Stock Exchange of India Limited under Regulation 30 of SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015.

Director Resignation Details

Mr. Kiran Kumar Adapa (DIN: 09087754) submitted his resignation letter on January 12, 2026, citing professional commitments as the reason for his departure. The resignation became effective at 9:00 AM on the same date. The company has confirmed that there are no other material reasons for his resignation beyond those provided in his resignation letter.

Parameter	Details
Director Name	Mr. Kiran Kumar Adapa
DIN	09087754
Effective Date	January 12, 2026 - 9:00 AM
Reason	Professional commitments
Other Directorships	None

Board Committee Reconstitution

Following the resignation, the Board of Directors convened an emergency meeting on January 12, 2026, from 3:00 PM to 3:50 PM to address the committee restructuring. The reconstitution ensures continued compliance with regulatory requirements and maintains the independence of key committees.

Audit Committee

The Audit Committee has been reconstituted with Mrs. Swapna Kandula replacing Mr. Kiran Kumar Adapa as a member:

Position	Name	Designation
Chairman	Mr. Ramesh Babu Nemani	Independent Director
Member	Mr. Adabala Seshagiri Rao	Independent Director
Member	Mrs. Swapna Kandula	Independent Director

Other Committee Changes

The Stakeholders Relationship Committee now includes Mr. Adabala Seshagiri Rao as a new member, with Mrs. Swapna Kandula serving as Chairman. The Nomination & Remuneration Committee has been similarly restructured with Mr. Ramesh Babu Nemani as Chairman and the addition of Mr. Adabala Seshagiri Rao as a member.

Additional Corporate Actions

The Board has also dissolved the IPO Committee, citing the complete utilization of IPO proceeds as the reason for this decision. This dissolution reflects the company's successful deployment of funds raised through its initial public offering.

Regulatory Compliance

The announcement was made in compliance with SEBI Circular SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024, with all required disclosures and documentation provided to the stock exchanges. Company Secretary & Compliance Officer Neha Soni signed the regulatory filing, ensuring proper documentation of the corporate governance changes.