Services
GST Registration Online
Medplus Health Services Announces Resignation of Chief Retail Officer Lakshman Kandarpa
Team Finance Saathi
27/Dec/2024
What's covered under the Article:
- Chief Retail Officer Lakshman Kandarpa resigns from Medplus Health Services and subsidiary Optival Health Solutions.
- The resignation, effective January 31, 2025, is due to personal reasons, per regulatory filings.
- Medplus management acknowledges significant contributions during Mr. Kandarpa's tenure.
Medplus Health Services Announces Change in Senior Management
Medplus Health Services Limited, a leading name in the pharmaceutical and retail healthcare industry, has announced a significant change in its senior management team. Mr. Lakshman Kandarpa, the Chief Retail Officer (CRO) of the company and its wholly owned subsidiary, Optival Health Solutions Private Limited, has tendered his resignation, effective January 31, 2025.
The resignation, as outlined in the company’s official communication to the BSE and NSE, was due to personal reasons. Mr. Kandarpa has been a pivotal figure in the company, contributing significantly to the growth and operational excellence of Medplus Health Services and its subsidiary.
Key Details of the Resignation
According to the disclosure under Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015, the resignation letter was submitted on December 24, 2024. The company also clarified that this change does not affect its operations or strategic direction.
The board and management of Medplus Health Services have expressed their appreciation for Mr. Kandarpa’s contributions during his tenure. His leadership in retail operations played a crucial role in streamlining processes and enhancing customer experience across the company's extensive network.
Company's Official Statement
In an official press release, Mr. Madhukar Reddy, CEO of Medplus Health Services, acknowledged Mr. Kandarpa’s dedication and commitment to the company. "We are grateful for Lakshman's contributions and wish him the best in his future endeavors," the statement read.
This change in senior management comes as Medplus continues to strengthen its position in the competitive healthcare retail market. The company remains committed to maintaining its operational efficiency and delivering value to its stakeholders.
Regulatory Compliance and Disclosure
The resignation has been disclosed in compliance with Schedule III - Para A (7) of SEBI Listing Regulations and will also be updated on the company’s website for transparency. The details provided include the reason for the resignation and the effective date, ensuring stakeholders are well-informed.
The Upcoming IPOs in this week and coming weeks are Indo Farm, Technichem Organics, Leo Dry Fruits, Solar91 Cleantech, Rosmerta Digital and Avanse Financial.