Mazagon Dock Shipbuilders Limited has informed the Exchange regarding Resignation of Mr Chandu Sambasiva Rao as Independent Director of the company w.e.f. January 23, 2026.
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Mazagon Dock Shipbuilders Limited has informed the stock exchange that Mr Chandu Sambasiva Rao has resigned as an Independent Director of the company, with the resignation taking effect from January 23, 2026. The announcement does not mention the specific reason for the resignation. No additional details on succession or replacement have been provided in this filing. Mazagon Dock is a public sector defence shipbuilding company listed on Indian exchanges.
Independent Director resignations are routine but may raise governance questions if no replacement timeline is announced. Shareholders should watch for updates on a new Independent Director appointment to ensure board composition remains compliant with SEBI norms.