The Board of Arunjyothi Bio Ventures Limited in its meeting held on the 10 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 appointments of: Mr. Badari Narayana Murthy Pabbathi as a Whole-time Director of the Company. Mr. Dathvik Pabbathi as a whole-time director of the Company. Mr. Vijaya Rama Lakshamana Murthy Mylavarapu as an Independent director of the Company.

Ms. Dhanalakshmi Guntaka as an Independent director of the Company. Mr. Srikar Ranga as an Independent director of the Company. The resignations of: Mr. Raja Kumar Babulal as whole-time director of the Company.

Mrs. Vanaja Kumari Dokiparthi as an Independent Director of the Company. Mr. M Aditya Vardhan Reddyas an Independent Director of the Company. Mr. Polsani Venkata Rama Rao as an Independent Director of the Company.

Mr. Chandra Shekar Kondarias an Independent Director of the Company. Reconstitution of committees: Audit Committee: Ms. Dhanalakshmi Guntaka – Chairperson; Mr. Srikar Ranga --- Member; Mr. Vaya Rama Lakshamana Murthy Mylavarapu -- Member; Nomination and Remuneration Committee: Mr. Vijaya Rama Lakshamana Murthy Mylavarapu—Chairperson; Ms. Dhanalakshmi Guntaka --- Member; Mr. Srikar Ranga --- Member; Stakeholders' relationship committee: Ms. Dhanalakshmi Guntaka – Chairperson; Mr. Dathvik Pabbathi – Member; Mr. Vaya Rama Lakshamana Murthy Mylavarapu – Member. Mr. Badari Narayana Murthy Pabbathi has an experience of 20 Years in the field of Retail Chain Stores, Import and Export of Good, Trading in Beverages and Building Materials.

Mr. Dathvik Pabbathi has completed his graduation in Banking and insurance and has 4 years of experience in the field of Retail Chain Stores, Import and Export of Good, Trading in Beverages and Building Materials. Dr. Mr. Vijaya Rama Lakshamana Murthy Mylavarapu is a Doctorate in Civil engineering, holds a master's degree from University of Roorkee. Dr. Murthy started his carrier as a Scientist with Council of Scientific and Industrial Research (CSIR), India and immensely contributed for the development of water and environmental resources development of the country.

His domain expertise in hydrogeology, ease with the minor irrigation and wide experience in environmental and occupational health (EOSH) assessment helped various government, industry, international agencies (such as UNDP) and domestic users over a period of 15 years. Ms. Dhanalakshmi Guntaka holds a Master's and bachelor' s degree in Commerce from Nagarjuna University, Andhra Pradesh. She is fellow member of the Institute of Chartered Accountants of India.

She is the founding partner of D A Y& | Associates, Chartered Accounts. Srikar Ranga is a dynamic entrepreneur leading a group of industries in food processing industry. Possessing excellent communication skills and able to establish sustainable and profitable relationships with customers, suppliers and stakeholders across India.