Madhucon Projects Limited has informed the Exchange about Resignation of Director/KMP/SMP
MADHUCON · price
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Madhucon Projects Limited has announced the resignation of Mr. Ramadas Kasarneni from the position of Independent Director (DIN: 02182093) with effect from 25 May 2026. The resignation was accepted by the Board of Directors based on the recommendation of the Nomination and Remuneration Committee. The stated reason for the resignation is personal issues and pre-occupations. The company has confirmed that Mr. Kasarneni does not hold any other directorships in other listed entities and that there are no material reasons other than those stated under Regulation 30 of SEBI (LODR) Regulations, 2015.
The departure of an Independent Director may raise concerns about board independence and governance, especially if no replacement is announced promptly. For shareholders, this signals a potential gap in oversight that should be monitored.