Intimation under Regulation 30 of SEBI (LODR) Regulations, 2015 about the Resignation of Mr. Srinivasa Sudhish Ramabhotla as Managing Director and Appointment of Mr. Murthy Vadlamani Venkata ....
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
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Colorchips New Media Ltd (BSE: 540023) informed the stock exchange on 23 February 2026 that its Managing Director, Mr. Srinivasa Sudhish Ramabhotla, has resigned with immediate effect, citing personal reasons and pre-occupations. On the same day, the Board approved the appointment of Mr. Murthy Vadlamani Venkata Satyanarayana (DIN: 07514729), aged 56, as the new Managing Director for a 5-year term, subject to shareholder approval via an Extraordinary General Meeting within 3 months. The incoming MD is an MBA (Finance) and Law graduate from Osmania University with over 30 years of experience in finance, statutory compliance, taxation, and senior-level liaisoning, and is not related to any existing director.
This is a routine leadership transition at the MD level. Shareholders should watch for the EGM outcome to confirm the new appointment, but the outgoing MD's exit is for personal reasons with no disclosed governance concerns, and the new MD brings strong finance and compliance experience, which may be viewed positively by investors.