Key Event Details
Madhucon Projects Limited accepted the resignation of Mr. Ramadas Kasarneni (DIN: 02182093) from his position as Independent Director of the Company. The resignation was effective from May 25, 2026.
Board Approval
The resignation was approved by the Board of Directors at their meeting held on May 25, 2026 at 11:00 A.M. at the Corporate Office of the Company at Madhucon House, Plot No. 1129/A, Road No. 36, Jubilee Hills, Hyderabad - 500 033, Telangana State, India.
Reason for Resignation
Mr. Kasarneni resigned due to "pre-occupations and personal reasons" as stated in his resignation letter dated May 25, 2026. The disclosure specifically notes that there are no other material reasons for the resignation beyond those provided under Regulation 30 of SEBI (LODR) Regulations, 2015.
Director Profile
Mr. Ramadas Kasarneni held DIN: 02182093 and was confirmed to not hold any other directorships in other listed entities at the time of resignation.
Financial Impact
No financial impact disclosed in the filing. The resignation appears to be a governance change without immediate financial implications.
Additional Information
The Nomination and Remuneration Committee recommended acceptance of the resignation. The Board placed on record their appreciation for Mr. Kasarneni's contributions, advice, and suggestions to the Company during his tenure.
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