Submitted reply of Query to BSE of e-mail dated 20th November 2025 on Change in Directors announcement submitted on 9th August 2025 for resignation of Independent Director Mr. P. Madhava Rao.
MADHUCON · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Madhucon Projects Ltd has submitted a formal reply to BSE's clarification query dated 20 November 2025 regarding the earlier disclosure of a change in directors. The filing confirms that Independent Director Mr. P. Madhava Rao (DIN: 00385838) resigned due to personal health issues and other personal reasons, with his resignation letter dated 29 July 2025. The Board accepted his resignation at the 612th Board Meeting held on 9 August 2025, and the company disclosed it to the exchanges on the same day. On the same date, the Board also appointed Mr. Sambasiva Rao Jasty as an additional Director and Mr. Turlapati Venkata Sundara Jawaharlal Nehru as a new Independent Director for a 5-year term (until 8 August 2030). The company has attached Mr. Rao's resignation letter, the certified board resolution, and the original BSE acknowledgement as supporting documents.
This is a routine board-level reshuffle with no operational impact. The outgoing independent director was replaced by another independent director, preserving board continuity. Shareholders are unlikely to see any meaningful effect on the stock or business.