Announced Tue, 9 Jun · 12:38 IST
MMTC Limited has informed the Exchange regarding Cessation of Mr Srinivas Rao Maddi as Non- Executive Independent Director of the company w.e.f. Jun 09, 2026.
Management Changes View source PDF
MMTC · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
-0.9%1-day move
₹65.12
prior close
₹66.42
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+0.5+0.5+0.4-0.2-0.9-3.2+4.6+7.5+16.1+14.7+4.0-1.5——
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AI summary
MMTC Limited has informed the stock exchange that Mr Srinivas Rao Maddi has ceased to be a Non-Executive Independent Director of the company with effect from June 9, 2026. No reason for the cessation has been disclosed in the filing. The company has not yet announced any replacement appointment in this announcement.
Likely market impact
A single independent director exit is a routine board change and is unlikely to materially affect the stock price. Shareholders may want to watch for a successor appointment to ensure board composition and committee requirements remain compliant.