Intimation under Regulation 30 of SEBI (LODR) Regulations, 2015 for resignation of Independent Director
Awaiting price reaction for this filing.
Seshachal Technologies Ltd has informed the stock exchanges that Mr. Umasankar Mylapur Prakash Rao (DIN: 08445123) has resigned as an Independent Director of the company, effective from the close of business hours on 12 August 2025. The reason cited for his resignation is pre-occupation and other personal commitments. The resigning director has confirmed there are no other material reasons behind his decision. He continues to serve as a Whole Time Director at another listed entity, Virgo Global Limited. The intimation was signed by Prabhaker Reddy Aedla, who holds the combined role of Managing Director and CFO.
This is a routine personal resignation of a single independent director with no governance concerns flagged. Shareholders should monitor whether the board fills this independent director position within the SEBI-prescribed timeframe to maintain compliance with the minimum number of independent directors required. Short-term stock price impact is unlikely.