Madhucon Projects Limited has informed the Exchange about Resignation of Director/KMP/SMP
MADHUCON · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Madhucon Projects Limited has announced the resignation of Mr. Ramadas Kasarneni from the position of Independent Director, effective 25th May 2026. The Board of Directors accepted his resignation at a meeting held on the same date, based on the recommendation of the Nomination and Remuneration Committee. Mr. Kasarneni cited personal pre-occupations and other personal reasons for stepping down. The company confirmed that he is not holding any directorships in other listed entities and stated there are no other material reasons beyond what was disclosed under SEBI regulations. The resignation was processed in compliance with Regulation 30 of SEBI (LODR) Regulations, 2015.
The resignation of an independent director may raise minor governance concerns for investors, though the company has clarified no material issues exist. The departure is unlikely to have any immediate impact on stock price given the personal nature of the resignation.