Resignation of Independent Director
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Awaiting price reaction for this filing.
Mr. Gautam Shahi, Independent Director of Picturehouse Media Ltd, has resigned from the board with effect from the close of business hours on 28th February 2026. He cited a significant increase in his professional commitments in his legal practice, which made it difficult for him to devote adequate time to his board duties. He confirmed that there are no other material reasons for his resignation and he has no claims against the company. He continues to serve on the board of PVP Ventures Limited in various committee roles including Audit Committee member and Chairperson of Nomination & Remuneration and Stakeholder Relationship Committees. This is an additional disclosure submitted to BSE following its email dated 27th February 2026, and the filing was signed by Managing Director Prasad V. Potluri.
This is a routine board-level change driven by personal professional reasons with no governance red flags, so the impact on shareholders is likely minimal. The company will need to fill the independent director vacancy within the timelines prescribed under SEBI rules to maintain board composition compliance.