Change in Directors of the Company by Resignation in compliance of Regulation 30 of the SEBI (LODR) Regulations 2015. Based on the recommendation of Nomination and Remuneration Committee ....
MADHUCON · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Madhucon Projects Ltd has announced the resignation of Mr. Ramadas Kasarneni from the position of Independent Director (DIN: 02182093), effective 25th May 2026. The Board accepted his resignation at a meeting held on 25th May 2026, based on the recommendation of the Nomination and Remuneration Committee. The stated reason for resignation is personal issues and pre-occupations. Mr. Kasarneni confirmed he does not hold any other directorships in other listed entities and that there are no other material reasons beyond those stated. The company has filed this update in compliance with Regulation 30 of SEBI (LODR) Regulations, 2015.
The resignation of an Independent Director could raise governance concerns for investors, particularly if no replacement is announced promptly. Shareholders should monitor for appointment of a new Independent Director to maintain board independence compliance.