Sri Chakra Cement Limited has submitted a regulatory filing to the BSE intimating the resignation of its Chief Financial Officer (CFO) and Key Managerial Personnel (KMP), Mr. Srirama Vara Prasad Nendraganti.
The resignation is effective from the close of business hours on May 30, 2026. The filing, made under Regulation 30 read with Para A of Part A of Schedule III of the SEBI (LODR) Regulations, 2015, states the reason for resignation as "personal reasons".
An annexed disclosure form (Annexure-I) provides further details, stating the reason for the change is that Mr. Nendraganti has "tendered his resignation from the services of the Company to pursue other career options" and that he "has confirmed that there is no other material reason for his resignation other than the above".
Consequently, Mr. Nendraganti will cease to be a Key Managerial Personnel under the provisions of Section 203 of the Companies Act, 2013 and Regulation 30(5) of the SEBI LODR Regulations from the effective date.
The company states that his resignation will be formally taken on record by the Board of Directors at an ensuing Board Meeting. Furthermore, the company is in the process of appointing a new Chief Financial Officer, and an intimation regarding the same will be communicated to the stock exchange in due course.
The filing includes a copy of the resignation letter submitted by Mr. Nendraganti, addressed to the Board of Directors and dated May 30, 2026. In it, he expresses gratitude to the Board, management, and colleagues and confirms his commitment to ensuring a smooth transition of responsibilities during the notice period.
The intimation letter was signed and submitted digitally by Mr. Vijay Kumar Kapilavai, Managing Director (DIN: 00769568), on behalf of Sri Chakra Cement Limited.