Colorchips New Media Limited has appointed Mr. Chaganty Ravi Shankar as its new Managing Director for a five-year term following the resignation of Mr. Murthy Vadlamani Venkata Satyanarayana. The leadership change, effective May 26, 2026, was approved by the Board of Directors and is subject to shareholder approval within three months as required by the Companies Act, 2013.

Mr. Murthy Vadlamani Venkata Satyanarayana resigned from his position due to personal reasons and pre-occupations requiring immediate attention. He confirmed there were no other material reasons for his departure. The Board will formally note his resignation in an ensuing meeting.

The appointment of Mr. Chaganty Ravi Shankar was made pursuant to Sections 196, 197, 203, and Schedule V of the Companies Act, 2013. The company stated that his appointment is due to his strong credentials and diverse knowledge in the field of accountancy. He is not debarred from holding the office of Director by SEBI or any other authority.

Details of Appointment

The following table outlines the key particulars regarding the new appointment:

Profile of New Managing Director

Mr. Chaganty Ravi Shankar is a 58-year-old Bachelor of Commerce from Andhra University. He brings over 34 years of experience in administration, encompassing multi-tasking functions such as liaison, purchase, marketing, correspondence, coordination, and infrastructure maintenance. The disclosure confirms he is not related to any other Directors of the company.

colorchips new media has scheduled a board meeting on May 30, 2026, to consider and approve the audited financial results for the fourth quarter and financial year ended March 31, 2026. The meeting will be held at the company's registered office in Hyderabad, Telangana.

The Board of Directors will review the financial performance for the period ending March 31, 2026. The agenda includes the approval of the audited results for both the quarter and the full financial year.

In accordance with regulatory requirements, the company has informed the Bombay Stock Exchange regarding the meeting. The intimation was made pursuant to the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The trading window for all designated persons and their immediate relatives will remain closed until 48 hours after the conclusion of the board meeting. This measure is intended to prevent the misuse of unpublished price-sensitive information.

Srinivasa Rao Kakkerla, Chief Financial Officer, signed the intimation sent to the exchange on May 25, 2026.