Madhucon Projects Limited accepted the resignation of Independent Director Mr. Ramadas Kasarneni effective May 25, 2026, following a Board meeting held on the same date. The resignation was approved based on the recommendation of the Nomination and Remuneration Committee. Mr. Kasarneni stepped down due to personal reasons and pre-occupations, confirming there were no other material reasons for his departure.

Board Approval and Compliance

The Board of Directors approved the resignation during the 615th Board Meeting held at the corporate office in Hyderabad. The acceptance was formalized through a resolution that also placed on record the Board's appreciation for Mr. Kasarneni's contributions, advice, and suggestions during his tenure. The company has authorized a director to file the requisite Form DIR-12 with the Ministry of Corporate Affairs and the Registrar of Companies, Hyderabad, to complete necessary compliances.

Director Details and Confirmation

Mr. Ramadas Kasarneni, holding DIN 02182093, is not holding any other directorships in other listed entities. In his resignation letter, he expressed gratitude to the Board and Management for their support and cooperation. The disclosure was made in compliance with Regulation 30 of the SEBI (LODR) Regulations, 2015, and Para A, Part A of Schedule III.

Madhucon Projects Limited has submitted its yearly disclosure to the stock exchanges regarding the shareholding status of its promoters group for the financial year ended March 31, 2026. The filing was made in compliance with Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

The disclosure confirms that the promoters group held a total of 4,35,95,278 equity shares as of the reporting date. Promoter member Nama Nageswar Rao, submitting the declaration on behalf of the group, stated that no encumbrance has been created on these shares, either directly or indirectly, throughout the financial year.

Shareholding Details

The following table outlines the key details of the promoters' shareholding as declared in the filing:

The communication was addressed to the Corporate Relationship Departments of both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE). The company has requested the exchanges to take the disclosure on record for the information of shareholders and other market participants.

The document was signed by D. Malla Reddy, Company Secretary & Compliance Officer of Madhucon Projects Limited, on April 4, 2026.