Olectra Greentech Limited has informed the Exchange regarding Resignation of Mr K V Pradeep as Chairman & Managing Director of the company w.e.f. Jun 09, 2025.
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Olectra Greentech Limited has informed the stock exchanges about the resignation of Mr. K.V. Pradeep (DIN: 02331853) from the position of Chairman & Managing Director, as well as Director of the company, effective June 9, 2025. The resignation has been submitted due to personal reasons. The exact effective date of the resignation will be communicated to the exchanges in due course. The intimation was made under Regulation 30(2) of SEBI's Listing Obligations and Disclosure Requirements Regulations, 2015. The communication was signed by P. Hanuman Prasad, Company Secretary & Compliance Officer.
The sudden exit of the Chairman & Managing Director for personal reasons may create short-term uncertainty around leadership continuity and strategic direction. Shareholders should watch for the announcement of a successor and any associated stock price reaction in the near term.