Unichem Laboratories has informed that Dr. B. Kinnera Murthy (DIN-1878144) was appointed as a Non-Executive Independent Director of the Company for a second term of five years with effective from March 21, 2018. In accordance with the provisions of Section 149 (11) of the Companies Act, 2013, an Independent Director cannot be appointed for more than two consecutive terms. Accordingly, Dr. Kinnera Murthy will cease to be an independent Director of the Company with effective from March 21, 2023. Further, the Board of Directors at its meeting held today i.e., March 20, 2023, based on the recommendation of the Nomination and Remuneration Committee, considered and approved the appointment of Priti Puri (DIN: 07755966) as an Additional Non-executive Independent Director of the Company with effective from March 21, 2023 for a period of three (3) years, subject to the approval of the shareholders.
The above information is a part of company’s filings submitted to BSE.
