Enclosed intimation regarding resignation of Senior Management Personnel.
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Magna Electro Castings Ltd has informed the stock exchange that Sri. K. Thangamuthu, Vice President – Finance and Senior Management Personnel, has resigned from the company effective 25th August 2025. The reason cited is personal reasons. The intimation has been filed under SEBI Listing Regulations by the Company Secretary, Divya Duraisamy, along with the resignation letter and prescribed disclosure details. The change is being disclosed as a senior management personnel resignation and not as a director or KMP-level change.
The departure of the VP-Finance, a senior finance role, may cause short-term leadership gap in the finance function but is for personal reasons. Investors should watch for any further disclosures regarding a replacement appointment in the coming weeks.