Vimta Labs Limited announced that at its Board Meeting held on June 30, 2018, Dr. S P Vasireddi, the Executive Chairman has conveyed his intention not to continue as Whole-time Director on attaining the age of 70 years on July 01, 2018. Accordingly, on the recommendations of Nomination & Remuneration Committee, the Board at its meeting held on June 30, 2018 has appointed him as Non-Executive Director & Chairman of the Board and the Company with effect from July 01,2018, subject To Approve the members.