Power Mech Projects Limited has submitted a regulatory disclosure to the National Stock Exchange of India Limited and BSE Limited regarding the cessation of an independent director.
The disclosure is made pursuant to Regulation 30 read with Part A of Schedule III of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (SEBI Listing Regulations).
Mrs. Lasya Yerramneni (DIN: 03150397), Non-Executive Woman Independent Director of the Company, has completed her second and final term as an Independent Director. Her cessation is effective from the close of business hours on June 26, 2026. Consequently, she will cease to be a Director of the Company.
The Board of Directors has placed on record its deep appreciation for her valuable contributions, effective participation, and immense guidance provided during her tenure on the Board. She served as a member of multiple committees including the Audit Committee, Nomination and Remuneration Committee, Stakeholders Relationship Committee, and Corporate Social Responsibility Committee.
The disclosure includes the following specific details as required under Regulation 30 of the SEBI Listing Regulations, read with SEBI Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024:
- Reason for change: Cessation due to completion of her second and final term as a Non-Executive Woman Independent Director
- Date of cessation: Effective from close of business hours on June 26, 2026
- Disclosure of relationships between directors: Not Applicable
The letter was signed by M. Raghavendra Prasad, Company Secretary and Compliance Officer, on June 26, 2026 at 20:48:16 IST.