Savera Industries has informed about the demise of Ravikumar Reddy (DIN: 00145372) Managing Director (MD) of the Company, on Saturday, 25th November 2023 which was intimated to the Company by the family member of Ravikumar Reddy today (25th November 2023). Ravikumar Reddy was appointed on the Board of the Company since 1994 and the Company immensely benefitted from his vision and leadership during his tenure. His sudden and unexpected passing away will be an irreparable loss to the Company and all the directors and employees of the Company convey deep sympathy, sorrow and condolences to his family. The Other Disclosures as required under Regulation 30 of SEBI (Listing Obligation and Disclosure Requirements) Regulation, 2015 is enclosed below as annexure 1.
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