Cella Space Ltd Announces Director Appointments and Redemption of Preference Shares
The Board of Directors of Cella Space Ltd. approved several key appointments and resolved to redeem a portion of its preference shares during a meeting held on July 23, 2026. The decisions focused on strengthening the company's leadership structure and managing its capital base.Director Appointments
The Board formally appointed three additional directors: two in the Independent category and one in the Non-Independent category.
Ms. Kolluru Bala Naga Manimala was appointed as an Additional Director in the Independent Category. Ms. Manimala brings 35 years of cross-sector experience, including healthcare delivery, community development, CSR strategy, energy, construction, and education. Her appointment is effective from July 23, 2026.
Mr. Benny John was also appointed as an Additional Director in the Independent Category. Prior to his retirement, Mr. John served as Chief Commissioner of Income Tax dealing with Direct Tax matters under the Central Board of Direct Taxes, Government of India. This appointment is effective from July 23, 2026.
Mr. Vignesh Rajkumar was appointed as an Additional Director in the Non-Independent Category. Mr. Rajkumar has over 15 years of experience in the industry. He is the son of Mr. Rajkumar S and Ms. Rajee Rajkumar, and the elder brother to Mr. Visakh Rajkumar.
The details of the newly appointed directors are summarized below:
| Director Name | Category | Date of Appointment | Brief Profile |
|---|---|---|---|
| Ms. Kolluru Bala Naga Manimala | Independent | 23.07.2026 | A healthcare leader with 35 years of cross-sector experience spanning healthcare delivery, community development, CSR strategy, energy, construction, and education. |
| Mr. Benny John | Independent | 23.07.2026 | Worked as Chief Commissioner of Income Tax dealing with Direct Tax matters under the Central Board of Direct Taxes, Govt of India prior to retirement from service. |
| Mr. Vignesh Rajkumar | Non-Independent | 23.07.2026 | A distinguished professional with over 15 years of experience in industry. |
Preference Share Redemption
The Board approved the request for the redemption of 20,00,000 Non-Convertible Redeemable Preference Shares issued at Rs 10/- each, totaling Rs 2,00,00,000/- (Rupees Two Crore only).
This decision was made following a review of the unaudited financial results of June 30, 2026, which indicated that the company possesses sufficient divisible profit to undertake the redemption. The Board members noted the legal opinion obtained by the company in the previous meeting regarding this matter.
Stock Price Movement
Cella Space Ltd shares closed at ₹26.56 today, ticking up 4.98% in the close of trading. The stock remained completely flat throughout the day, with both the high and low registering identically at this price point.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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