Resignation of Non-Executive Independent Director
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Mr. Gautam Shahi (DIN: 10236790) has resigned as an Independent Director of Picturehouse Media Limited, effective from the close of business hours on February 28, 2026. He cited increasing professional commitments in his legal practice as the reason for stepping down. He also ceased to be a member of Board Committees from the same date. Mr. Shahi confirmed there are no other material reasons for his resignation and he has no claims against the company. The Managing Director Prasad V. Potluri signed the disclosure to BSE on February 26, 2026.
This is a routine board-level change with no stated governance concerns; the departure of one independent director is unlikely to materially affect shareholders or the stock price, though it may prompt questions about whether a replacement will be appointed soon to maintain SEBI-mandated board composition.