Madhucon Projects Limited has informed the Exchange about change in Management
MADHUCON · price
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Madhucon Projects Limited informed the exchanges that shareholders at the 35th AGM held on September 26, 2025 ratified two director appointments that were originally approved by the board on August 9, 2025. Mr. Sambasiva Rao Jasty was appointed as Director-Finance & Accounts; he brings nearly 24 years of experience in finance, accounts, auditing, banking, and statutory compliance. Mr. Turlapati Venkata Sundara Jawaharlal Nehru was appointed as Independent Director for a 5-year term ending August 8, 2030, with around 22 years of senior management experience across administration, business development, and production. The first appointment was ratified via an ordinary resolution, while the independent director appointment was approved via a special resolution.
This is a routine governance update. The new Director-Finance strengthens financial leadership at the company, and the addition of an Independent Director improves board oversight. No material change to the stock is expected from this announcement.