MADHUCON PROJECTS LIMITED has informed the Exchange about Resignation of Independent director.
MADHUCON · price
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Mr. Potla Madhava Rao (DIN: 00385838) has resigned from the position of Independent Director of Madhucon Projects Limited with immediate effect, citing pre-occupations and personal reasons. The resignation was submitted to the Board on August 9, 2025, and the company has been asked to file the necessary forms with the Registrar of Companies. The filing was disclosed to the exchange on August 13, 2025.
The resignation of an independent director may raise questions about board composition and governance continuity, but given the routine nature and personal reasons cited, the immediate impact on shareholders is likely minimal. The company will need to fill the vacancy within the timelines required under SEBI listing rules.