Resignation of Dr. Hanuma Prasad Modali as Managing Director of Geomysore Services (india ) Private Limited.
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Deccan Gold Mines Ltd has informed the stock exchange that Dr. Hanuma Prasad Modali has resigned as Managing Director of its subsidiary, Geomysore Services (India) Private Limited. The subsidiary is a key operating entity in the company's gold mining business. No reason for the resignation has been disclosed in the announcement. The company has not yet announced a replacement for the position. The filing was made under disclosure requirements for material changes in a subsidiary.
Shareholders should monitor whether a permanent replacement is announced soon, as Geomysore Services is an important operating subsidiary. Leadership changes at subsidiary level can sometimes affect project timelines, though no immediate impact on the listed entity's financials is indicated.