Vimta Labs Limited announced today, May 6, 2026, that its Board of Directors has recommended the re-appointment of Dr. S.P. Vasireddi (DIN: 00242288) as the Executive Chairman of the Company. This recommendation follows the approvals from the Nomination and Remuneration Committee and the Audit Committee. The proposed re-appointment is for a term of five years, commencing from July 1, 2026, and concluding on June 30, 2031. This reappointment is subject to the approval of the shareholders at the upcoming Annual General Meeting (AGM). Dr. S.P. Vasireddi, the founder of the Company, has an extensive history with Vimta Labs, having previously served as Chairman & Managing Director, Executive Chairman, and Non-Executive Chairman. He brings over four decades of industry experience, with expertise in strategic leadership, business development, and corporate governance. He holds 51,97,050 equity shares in the Company. As per SEBI regulations, his re-appointment is also subject to members' approval via a special resolution due to his age.
