Colorchips New Media Limited has responded to a surveillance inquiry from BSE Limited regarding recent price movements in the company's shares. The response, dated April 11th, 2026, addresses concerns raised by the exchange's online surveillance department.

Company's Official Response

In its communication to BSE Limited, Colorchips New Media Limited clarified its position on the share price movement inquiry. The company's response was directed to the exchange's surveillance department following their email dated April 9th, 2026.

Regulatory Compliance Statement

The company stated that as of the response date, there is no material relevant information or event that would impact the company's operations or performance requiring disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements), Regulations, 2015. Colorchips New Media emphasized its consistent approach to regulatory compliance:

• All material information affecting company operations is disclosed immediately
• The company maintains adherence to all regulatory requirements
• Disclosure practices follow Regulation 30 of the Listing Regulations
• Commitment to continued compliance with regulatory frameworks

Share Trading Commentary

Regarding the share price movement inquiry, the company noted that since its shares are freely traded on the stock exchange, it cannot provide specific commentary on share price movements. This position aligns with standard corporate practice regarding market-driven price fluctuations.

The response was formally signed by Srinivasa Rao Kakkerla, Chief Financial Officer of Colorchips New Media Limited, demonstrating the company's official stance on the matter and its commitment to transparent communication with regulatory authorities.

Colorchips New Media Limited has announced a major leadership transition with the resignation of its Managing Director and the appointment of a new executive to lead the company. The changes, effective from February 23, 2026, represent a significant development in the company's management structure.

Leadership Resignation

Mr. Srinivasa Sudhish Ramabhotla (DIN: 00027816) has tendered his resignation from the position of Managing Director of Colorchips New Media Limited with effect from February 23, 2026. In his resignation letter, he cited personal reasons and pre-occupations requiring immediate attention as the primary factors behind his decision.

The outgoing Managing Director confirmed that there are no other material reasons for his resignation beyond those mentioned in his formal resignation letter. He expressed gratitude to the Board of Directors and management team for their support during his tenure and wished the company continued success in future endeavors.

New Managing Director Appointment

The Board of Directors, at its meeting held on February 23, 2026, approved the appointment of Mr. Murthy Vadlamani Venkata Satyanarayana (DIN: 07514729) as the new Managing Director of the company. The appointment details are as follows:

New Managing Director Profile

Mr. Murthy Vadlamani Venkata Satyanarayana brings extensive experience to his new role. Key aspects of his background include:

The Board selected him for the position due to his strong credentials and diverse knowledge in accountancy, business, and law. He is not debarred from holding the office of Director by any order from SEBI or other regulatory authorities.

Regulatory Compliance and Next Steps

The appointment has been made pursuant to the applicable provisions of the Companies Act, 2013 and rules made thereunder. The company will seek shareholder approval for the appointment by convening an Extraordinary General Meeting within three months from the date of appointment, as required under the Companies Act, 2013.

The Board of Directors will formally take note of the resignation in the ensuing Board Meeting. All necessary regulatory disclosures have been made under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, ensuring full compliance with listing requirements.