Madhucon Projects Limited has informed the Exchange regarding Change in Director(s) of the company.
MADHUCON · price
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On 9 August 2025, Madhucon Projects Limited announced board changes approved by the Board. Mr. Sambasiva Rao Jasty was appointed as an additional director, bringing 24 years of experience in finance, accounts, auditing, and banking functions. Mr. Turlapati Venkata Sundara Jawaharlal Nehru was appointed as a Non-Executive Independent Director for a 5-year term ending 8 August 2030, with 22 years of senior management experience. Mr. P. Madhava Rao resigned as Independent Director citing personal health issues and other reasons. The new appointments are subject to shareholder approval at the upcoming 35th Annual General Meeting.
These are routine board-level changes with no apparent red flags. The resigning director left for personal health reasons, and the new appointee's finance background could strengthen financial oversight. Shareholders should watch for confirmation of these appointments at the forthcoming AGM.