As per the e-mail query raised by BSE of 15th December 2025, the clarification submitted on resignation of Independent Director Mr. P. Madhava Rao Potla (DIN:00385838) under Regulation ....
MADHUCON · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Madhucon Projects has submitted a clarification to BSE regarding the resignation of Independent Director Mr. P. Madhava Rao Potla (DIN: 00385838). His resignation letter was placed before the 612th Board Meeting and accepted on 9th August 2025. The company confirmed that the outgoing director does not hold any directorships in other listed entities and there are no additional material reasons beyond what was disclosed under SEBI LODR Regulation 30. The clarification was sought by BSE via emails dated 20th November 2025 and 15th December 2025, following the company's earlier submissions on 9th August and 20th November 2025.
This is a routine regulatory clarification regarding an already-disclosed independent director resignation. No new material information or governance red flags are revealed, so near-term impact on shareholders is likely neutral.