The Company hereby regret to inform the sad demise of Dr. DVN Raju - Independent Director of the Company on 5th August 2025, which was intimated to Company today (14th August 2025) by the ....
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Awaiting price reaction for this filing.
Padmalaya Telefilms Ltd has informed BSE about the passing away of Dr. DVN Raju, an Independent Director of the company, on 5th August 2025. The company was officially informed by his family members on 14th August 2025, and the disclosure was made under SEBI Listing Regulations. Dr. DVN Raju did not hold directorships in any other listed entity. The company acknowledged his long association and contributions to the board, expressing condolences to his family. The filing was signed by the CFO and Compliance Officer, Venkata Rama Satya Suryanarayana Meduri.
This is a routine regulatory disclosure with no direct financial impact on shareholders. The company will need to fill the vacant Independent Director position within the timelines prescribed under SEBI rules, but the stock price is unlikely to be affected.