Vamshi Rubber Limited , a prominent player in the tyre retreading industry, held its 31st Annual General Meeting (AGM) on September 25, marking significant changes in its leadership structure. The meeting, conducted through video conferencing, saw the approval of several key appointments and re-appointments, reinforcing the company's governance and operational leadership.

Board Appointments and Changes

The AGM approved the following major changes to the company's board:

Regularization of Independent Director

Mr. Rajeev Reddy Yathapu, initially appointed on February 14, was regularized as an Independent Director for a five-year term. Mr. Yathapu, a retired government engineer from Andhra Pradesh, brings valuable civil engineering expertise to the board.

Re-appointment of Managing Director

Mr. Surendra Reddy Rachervu was re-appointed as the Managing Director for a three-year term, effective July 1. Mr. Rachervu, holding a B.Tech in Chemical Engineering from IIT Mumbai and an MMM in Marketing from JBIMS, Mumbai University, boasts over 30 years of experience in the tyre retreading industry.

Re-appointment of Whole-Time Director

Mr. Pasham Varun Kumar was re-appointed as Whole-Time Director for a three-year term, also effective July 1. Like Mr. Rachervu, Mr. Kumar holds similar educational qualifications and extensive industry experience.

Change in Director Designation

Ms. Akhila Pushpa Sundari's role was changed from Independent Director to Non-Executive Director, effective October 1. Ms. Sundari brings over 10 years of experience in the tyre retreading industry to her new role.

Additional AGM Proceedings

The AGM, which commenced at 1:00 PM and concluded at 1:55 PM, also addressed other important matters:

• Adoption of financial statements for the year ended March 31
• Approval of related party transactions
• Appointment of a Secretarial Auditor for a five-year term

Leadership Expertise

The re-appointments of Mr. Rachervu and Mr. Kumar highlight Vamshi Rubber Limited's commitment to leveraging experienced leadership. Both directors possess B.Tech degrees from IIT Mumbai and have accumulated over three decades of experience in the tyre retreading sector, positioning them well to guide the company's future strategies and operations.

Compliance and Transparency

In line with regulatory requirements, the company confirmed that none of the appointed or re-appointed directors are debarred from holding directorship positions by SEBI or any other authority. This adherence to compliance standards underscores Vamshi Rubber Limited's commitment to maintaining high levels of corporate governance and transparency.

The changes approved at this AGM are expected to provide Vamshi Rubber Limited with a blend of fresh perspectives and seasoned industry experience, potentially strengthening its position in the competitive tyre retreading market.

Vamshi Rubber Limited , a manufacturer of tyre retreading materials, has announced its financial results for the first quarter ended June 30, 2025, and scheduled its Annual General Meeting (AGM) for September.

Q1 FY2026 Financial Highlights

The company reported a robust performance for the quarter:

Vamshi Rubber Limited witnessed a marginal increase in net sales and total income compared to the same quarter last year. However, the company's net profit saw a significant jump of 75.27%, rising from ₹15.77 lakhs in Q1 FY2025 to ₹27.64 lakhs in Q1 FY2026.

The earnings per share (EPS) more than doubled, increasing from ₹0.37 in Q1 FY2025 to ₹0.76 in Q1 FY2026, representing a 105.41% year-on-year growth.

Board Meeting Outcomes

The Board of Directors met on August 14, 2025, and approved several key items:

1. Unaudited standalone financial results for Q1 FY2026
2. Directors' Report for FY2025
3. Draft notice for the 31st Annual General Meeting
4. Re-appointment of Mr. Varun Kumar Pasham as director
5. Change in designation of Ms. Akhila Pushpa Sundari from Independent Director to Non-Executive Director

Annual General Meeting

The company has scheduled its 31st Annual General Meeting for September 25, 2025, at 1:00 PM. The meeting will be held via video conferencing, with the registered office at 'VAMSHI HOUSE', Plot No. 41, Jayabheri Enclave, Gachibowli, Hyderabad, serving as the deemed venue.

N.V.S.S. Suryanarayana Rao, a Practicing Company Secretary, has been appointed as the scrutinizer for the e-voting process to ensure a fair and transparent voting mechanism during the AGM.

Management Commentary

M. Ramesh Reddy, Chairman & CFO of Vamshi Rubber Limited, stated, "We are pleased with our first-quarter results, which demonstrate strong growth in profitability despite challenging market conditions. Our focus on operational efficiency and cost management has contributed to the significant improvement in our bottom line."

Vamshi Rubber Limited continues to operate in a single segment, focusing on the manufacture and sale of tyre retreading materials.