The Board of Arunjyothi Bio Ventures Limited in its meeting held on the 10 day of November, 2022 has noted that Mr. Pabbathi Badari Narayana Murthy, Mr. Dathvik Pabbathi and Ms. P.S.R. Mahalakshmi Prasanna made Open Offer vide Offer Letter dated September 9, 2022 in terms of SEBI (SAST) Regulations, 2011. The same was completed and the Report for the same was also submitted by the Merchant Bankers to the issue to SEBI and BSE Limited. The Board took note of the change in the Management consequent upon completion of Open Offer.

The appointment of Mr. Nadimpalli Vishal as Chief financial officer and whole-time director of the Company. The resignations of Mr. Pabbathi Praveen Kumar as whole-time director & CFO of the Company. Nadimpalli Vishal is a post graduate diploma in business management and has an working experience of more than 9 years in distribution, manufacturing, wholesale trade and e-commerce.