Please find enclosed the change in Management disclosure.
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Tyche Industries announced a significant top-level management reshuffle at its board meeting on September 5, 2025. Mr. G. Ganesh Kumar resigned as Chairman and Managing Director (citing internal restructuring of roles) but will continue as Executive Director. Mr. Sandeep Gokaraju — brother of Mr. Ganesh Kumar — was appointed as the new Chairman cum Managing Director for a 5-year term, subject to shareholder approval. Mr. Satya Srinivas Uppalapati joined as an additional Executive Director, while Mr. Srinivas Gelli was redesignated as a Non-Executive Independent Director, and Mrs. Penumatsa Vijaya Lakshmi was reappointed as Independent Director for a second 5-year term. The board also approved the 27th AGM for September 30, 2025, set September 19, 2025 as the record date for a proposed dividend, and approved opening a dedicated dividend account with IDBI Bank.
This looks like a planned family-led succession at the top, with the promoter's brother taking over as CMD while the previous CMD stays on the board. For shareholders, continuity in promoter control is maintained, but the AGM (Sept 30) will be key for approving these changes and the dividend.