Intimation of resignation of Dr Manohar Loka Reddy from Directorship-Managing Director of the company
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Awaiting price reaction for this filing.
Dr. Manohar Loka Reddy (DIN: 00140229) has resigned from his position as Managing Director of Nettlinx Limited, effective from the close of business hours on May 10, 2025. The resignation is attributed to ongoing health issues and advice from medical professionals, and the letter explicitly states there are no other material reasons. He confirmed that he holds no directorship or committee membership in any other listed entity. The filing has been signed and submitted by Jeeten Anil Desai, Director, to both BSE and MSEI in compliance with SEBI Listing Regulations. Nettlinx is a Hyderabad-based company (CIN: L67120TG1994PLC016930) and will now need to appoint a new Managing Director.
Shareholders should expect a short period of leadership uncertainty at the top, as the company must now identify and onboard a new Managing Director. Since the exit is due to personal health reasons rather than governance or performance concerns, the negative impact on the stock may be limited, but watch for any announcement on succession planning.