Gradiente Infotainment Limited at its board meeting held on September 5, 2023, approved the resignation of Mr. T. Venkateswara Rao and Mr. Balachandar Mallicarjunan as an Independent Director of the Company with effect from 05-09-2023 and the appointment of Mr. Nageshwara Rao Chitirala and Mr. Balaji Doradla as an Additional Director in the category of Non-Executive-Independent Director of the Company with effect from 05-09-2023. Mr. Nageshwara Rao Chitirala as an Additional Director in the category of Non-Executive Independent Director of the Company for a period of 5 (five) years w.e.f. 5th September, 2023 to 4th September, 2028, not liable to retire
by rotation. He is a B.Com graduate and Ex-Government servant in Directorate of Oil Seeds Research (ICAR), Ministry of Agriculture., Rajendranagar, Hyderabad and started own Business since 2001. He was a Special Invitee of NITI Aayog, GOI and State Level Bankers' Committee (SLBC), A.P. & T.S and also a great philanthropist and his leadership skills will help the company in strengthening. Mr. Balaji Doradla as an Additional Director in the category of Non-Executive Independent Director of the Company for a period of 5 (five) years w.e.f. 5th September, 2023 to 4th September, 2028, not liable to retire by rotation. He is a B.Com and MBA graduate and had experienced in Working with apollo hospitals group for 25 years and Aditya Birla money for two years and with Muthoot securities for two years. He enriched experience in the various Financial Institutions would help the Company to prosper in the industry by maintaining financial disciplane. Reconstitution of the composition of Audit Committee, Nomination & Remuneration Committee and Stakeholders Relationship Committee. Post reconstitution, the composition of the Audit Committee shall be as follows: Mr. Balaji Doradla, Chairman; Mr. Abdul Raoof, Member and Mr. Nageshwara Rao Chitirala, Member. Post reconstitution, the composition of the Nomination and Remuneration Committee shall be as follows: Mr. Abdul Raoof, Chairman; Mr. Balaji Doradla, Member and Mr. Nageshwara Rao Chitirala, Member. Post reconstitution, the composition of the Stakeholders Relationship Committee shall be as follows: Mr. Nageshwara Rao Chitirala, Chairman; Mr. Abdul Raoof, Member and Mr. Balaji Doradla, Member.