Madhucon Projects Limited has informed the Exchange regarding Resignation of Mr Samba Siva Rao as Executive Director of the company w.e.f. February 20, 2026.
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Madhucon Projects Limited has informed the stock exchanges that Mr. Samba Siva Rao Jasty (DIN: 09526475) has resigned from the position of Director - Finance & Accounts, effective February 20, 2026. The resignation was filed with the MCA (Form DIR-11, SRN: AC2646709) on March 14, 2026, and the Board accepted it via a circular resolution on the same date. The reason cited is health issues and personal reasons, on medical advice. Mr. Jasty had been on the board since August 9, 2025, in a Professional Director capacity. No replacement has been announced in this filing.
This is the exit of a finance-focused executive director after a short tenure (about 6 months), which may raise minor governance questions about continuity in the finance function. However, the cause is personal (health), not performance-related, and the board has formally accepted it. Investors should watch for a timely replacement announcement to fill the Director-F&A seat.