Enclosed intimation regarding resignation of Senior Management Personnel.
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Magna Electro Castings Ltd has informed BSE that Sri. V. Mohanraj, Vice President – Marketing and Senior Management Personnel, has resigned from the company due to personal reasons. He submitted his resignation letter on 6th February 2026, and the management accepted it on 6th March 2026. His last working day will be 24th April 2026. Notably, Mr. Mohanraj had a long tenure of 32 years with the organization. The Marketing Department will continue to be headed by Sri. Ajeya Vel Narayanaswamy, Executive Director – Marketing, ensuring continuity of leadership.
This is a routine senior management change with a planned handover and an existing senior leader (Executive Director – Marketing) ready to take over the function. For shareholders, the impact is likely minimal as operations and marketing leadership continuity are already addressed. No governance or financial concerns are indicated.