Outcome of Board meeting held on 30-04-2025 and Intimation for resignation of Company Secretary and Compliance Officer of the company
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Midland Polymers informed the stock exchange about the resignation of Mrs. D. Lakshmi Jyothsna from the position of Company Secretary and Compliance Officer (a Key Managerial Personnel role) due to personal reasons, effective from the close of business hours on 30-04-2025. The Board of Directors accepted her resignation at a meeting held the same day at 3:00 p.m., which concluded at 3:30 p.m. To ensure continued compliance, the Board has temporarily designated Mrs. Vanaja Veeramreddy, the existing Managing Director, as the Compliance Officer until a new whole-time Company Secretary is appointed. No material reasons beyond personal ones were cited for the departure.
This is a routine KMP-level exit with an interim arrangement in place, so operational and compliance continuity should be maintained. Investors may want to watch for the timely appointment of a permanent Company Secretary, as prolonged interim arrangements can sometimes raise governance concerns for small-cap companies.