Medplus Health Services Approves Appointment of Independent Directors and Reappointment of Managing Director

Medplus Health Services Approves Appointment of Independent Directors and Reappointment of Managing Director​

Medplus Health Services Limited announced that its Board of Directors, during a meeting held on May 20, 2026, approved significant appointments and reappointments of key personnel, enhancing its board structure and management leadership.

The Board approved the appointment of two Non-Executive Independent Directors and the re-appointment of the Managing Director, subject to the subsequent approval of the Company’s Members.

New Independent Director Appointments​

The Company appointed Mr. Ajit Pandurang Rangnekar and Mr. Mohankrishna Reddy Arvabumi as Non-Executive Independent Directors, effective May 20, 2026. Both appointments are for an initial term of five years.

The details of the new appointments are outlined below:


Profile Highlights:

• Mr. Ajit Pandurang Rangnekar is described as a seasoned business leader, strategist, and advisor with over 50 years of diverse experience across manufacturing, services, trading, shipping, consulting, education, and non-profit sectors, including more than 25 years at the CEO level. He possesses deep expertise in corporate strategy, innovation, finance, leadership development, and supply chain optimization. He holds a B.Tech (Hons.) in Chemical Engineering from Indian Institute of Technology Bombay and a PGP.
• Mr. Mohankrishna Reddy Arvabumi brings over three decades of diverse and extensive experience in Finance and Strategy. He holds a Master's degree in Finance from the Jamnalal Bajaj Institute of Management Studies and a First Class degree in Economics from the University of Madras. His career has included senior leadership roles at institutions such as Indian Bank, Unit Trust of India, ANZ Grindlays Bank, JM Financial, Cyient, and AppLabs.

Managing Director Reappointment​

The Board also approved the re-appointment of Mr. Gangadi Madhukar Reddy as Managing Director for a period of five years, beginning on August 03, 2026.

Mr. Gangadi Madhukar Reddy, who is one of the Company’s Promoters and has served as a Director since the Company’s incorporation, has a background combining medical and managerial expertise. He holds a Bachelor's degree in Medicine and Surgery from Sri Venkateswara University and a Master's degree in Business Administration from The Wharton School, University of Pennsylvania. Under his leadership, Medplus Health Services Limited has expanded its retail pharmacy footprint, strengthened its supply chain, and utilized technology to enhance customer experience and operational efficiency, driving significant growth and value creation.

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The information regarding these appointments and reappointments is subject to the final approval of the Company’s Members.

MEDPLUS Stock Price Movement​

Medplus Health Services Limited shares are edging higher to ₹1007.25 as of 9:46 AM today, rallying 10.59% in live trading. The stock gains ₹96.45 per share, supported by a robust volume of 692,535 shares traded so far in the session.