Key Event Details
The company received a letter from Andhra Pradesh Industrial Development Corporation Limited (APIDC) with reference number CSD/SMCL/196/2026 dated 29 July 2026, which was received by the company on 03 November 2026. The letter communicated APIDC's decision to withdraw the nomination of Mr. Rama Krishna Maram as their nominee director on the company's board.
Director Cessation
Mr. Rama Krishna Maram (DIN: 10828666) has ceased to be the Nominee Director of the company effective 03 November 2026 due to withdrawal of nomination by APIDC.
New Director Nomination
APIDC has nominated Kum. M.S. Rajani Baby, Assistant General Manager at APIDC, as the new Nominee Director to replace Mr. Maram. Her appointment will be taken up at a subsequent board meeting after she obtains her Director Identification Number (DIN).
APIDC Requirements
The nomination letter from APIDC included specific requirements:
- Sitting fees payable to the nominee director must be remitted to APIDC by crossed cheque
- The company must place a Compliance Certificate in the format provided at Annexure-I at every board meeting
- The company must pass a Board Resolution as per Annexure-II format
Resignation Details
Mr. M. Ramakrishna (General Manager, APIDC) submitted his resignation letter, tendering his resignation as director on the board of Southern Magnesium & Chemicals Limited.