Vision Cinemas Appoints Babu Reddy Srinivas Reddy as Independent Director
Vision Cinemas Limited has appointed Mr. Babu Reddy Srinivas Reddy as an Additional Director and Non-Executive Independent Director, effective September 5, 2025, for a five-year term. Mr. Reddy, a commerce graduate with 22 years of advertising industry experience, brings expertise in client relations, campaign management, and business operations. The appointment, approved by the Board of Directors, is subject to shareholder approval at the upcoming Annual General Meeting. Vision Cinemas confirmed Mr. Reddy meets independence criteria as per regulatory requirements.
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Vision Cinemas Limited has announced the appointment of Mr. Babu Reddy Srinivas Reddy as an Additional Director and Non-Executive Independent Director, marking a significant addition to its board.
Key Appointment Details
- Appointee: Mr. Babu Reddy Srinivas Reddy (DIN: 11276910)
- Position: Additional Director and Non-Executive Independent Director
- Effective Date: September 5, 2025
- Term: Five consecutive years, subject to shareholder approval
Appointment Process
The appointment was approved by Vision Cinemas' Board of Directors through a Circular Resolution dated September 3, 2025, based on the recommendation of the Nomination and Remuneration Committee. The decision was finalized on September 4, 2025.
About Babu Reddy Srinivas Reddy
Mr. Reddy brings a wealth of experience to Vision Cinemas:
- Commerce graduate with over 22 years of experience in the advertising industry
- Successfully managed advertising agencies
- Held key managerial positions, including serving as Manager at Multiplex
- Expertise in client relations, campaign management, and business operations
Independence and Compliance
Vision Cinemas has confirmed that Mr. Reddy meets the independence criteria as required under the Companies Act, 2013, and the SEBI Listing Regulations. The company has also stated that:
- Mr. Reddy is not related to any Directors or Key Managerial Personnel of the Company
- He is not debarred from holding the office of Director by any order of SEBI or any other authority
- He fulfills the criteria of independence as per regulatory requirements
Shareholder Approval
The appointment of Mr. Babu Reddy Srinivas Reddy is subject to shareholder approval at the upcoming Annual General Meeting of Vision Cinemas Limited.
This strategic appointment is expected to bring valuable insights and expertise to Vision Cinemas' board, potentially contributing to the company's growth and governance in the coming years.
Historical Stock Returns for Vision Cinemas
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -7.89% | -8.70% | +7.14% | -6.25% | -9.48% | +59.09% |
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