Managing Director Resigns, Continues as Non-Executive Director and Chairman

Mr. Prasad V. Potluri (DIN: 00179175) has resigned from the office of Managing Director with immediate effect on 30th September, 2026, citing pre-occupation and other commitments.

Wed 30 Sep 2026

Executive Change

Mr. Prasad V. Potluri resigned from the office of Managing Director with immediate effect on 30th September, 2026

Continued Board Role

He continues as Non-Executive Director and Chairman from the same date

Reason for Resignation

Pre-occupation and other commitments

Current Managing Director

P. J. Bhavani (DIN: 08294839)

Board Meeting

Board met from 12:00 Noon to 12.15 p.m. and took note of the change

What happened

Mr. Prasad V. Potluri has tendered his resignation from the office of Managing Director of the company with immediate effect on 30th September, 2026. The stated reason is his pre-occupation and other commitments.

He stays on the Board

• He has not resigned from the Board of Directors.
• He continues as Non-Executive Director and Chairman with effect from 30th September, 2026.
• His resignation letter, dated 30th September, 2026 (11.00 A.M.), confirms the change is only from the office of Managing Director.

Board process

• The Board of Directors met on the same day, commencing at 12:00 Noon and concluding at 12.15 p.m., and took note of the change.
• The annexure notes that there is no fresh appointment to the Board, so profile and relationship details are marked not applicable.

What it means for investors

A change in designation of this kind shifts a person from an executive, day-to-day role to a non-executive oversight role. The individual remains associated with the company as Chairman, so Board-level continuity is retained.

The intimation to BSE is signed by P. J. Bhavani, Managing Director (DIN: 08294839), indicating another Managing Director is in office.

This is a governance and management-structure disclosure made under Regulation 30 of the SEBI LODR Regulations.

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