Madhucon Projects Limited has submitted its compliance certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended 31st March, 2026. The filing was made on 02-04-2026 with both major stock exchanges.

Compliance Certificate Details

The company filed the compliance certificate through its Registrar and Share Transfer Agent, KFin Technologies Limited. The certificate confirms that details of securities dematerialized/rematerialized during the quarter have been furnished to all stock exchanges where the company's shares are listed.

Regulatory Framework

Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018 requires companies to provide details of securities that have been dematerialized or rematerialized during each quarter. This regulation ensures transparency in the conversion of physical shares to electronic form and vice versa.

Filing Authority and Process

The compliance certificate was issued by KFin Technologies Limited, serving as the Registrar to Issue and Share Transfer Agent for Madhucon Projects Limited. Praveen Chaturvedi, Senior Vice President at KFin Technologies, signed the certificates addressed to both Central Depository Services (India) Limited (CDSL) and National Securities Depository Limited (NSDL).

Stock Exchange Communication

The filing was simultaneously submitted to both BSE (Scrip Code: 531497) and NSE (Scrip Code: MADHUCON). The company maintains its registered office at Madhucon House, Plot No. 1129/A, Road No 36, Hitech City Road, Jubilee Hills, Hyderabad 500033.

Madhucon Projects Limited has provided detailed clarifications to stock exchanges regarding the resignation of Mr. Samba Siva Rao Jasty from his position as Director-Finance & Administration, effective February 20, 2026. The company addressed regulatory compliance delays and provided comprehensive documentation to BSE and NSE following exchange inquiries.

Director Resignation and Regulatory Timeline

Mr. Samba Siva Rao Jasty (DIN: 09526475) submitted his resignation letter dated February 20, 2026, citing health reasons and personal circumstances. In his resignation letter, he stated that on medical advice, he was unable to continue discharging his duties effectively and considered it appropriate to step down from his responsibilities.

Exchange Communication and Compliance Issues

The BSE raised concerns regarding the delay in announcing the resignation within 24 hours of the effective date. Madhucon Projects clarified that Mr. Jasty filed Form DIR-11 with MCA (SRN No. AC2646709) on March 14, 2026, without prior Board approval. The company explained that the resignation was under compliance review when the director independently filed the cessation form.

Board Approval and Documentation

The Board of Directors formally accepted the resignation through Circular Agenda No. 100/2025-26 dated March 14, 2026. The company emphasized that Mr. Jasty was not categorized as a Key Managerial Person, which affected the urgency requirements for disclosure.

The resignation was processed in accordance with SEBI (LODR) Regulations, 2015, with the company providing comprehensive documentation including:

• Original resignation letter dated February 20, 2026
• MCA filing confirmation (SRN No. AC2646709)
• Board resolution extract approving the resignation
• Updated director signatory details showing cessation date

Current Board Composition

Following Mr. Jasty's departure, the company's board includes Mohammad Shafi as Whole-time Director, Kothapalli Venkateswarlu serving dual roles as CFO and Director, and several independent directors including Ramadas Kasaraneni, Venkata Sundara Jawaharlal Nehru Turlapati, and Geeta Battula.

Regulatory Confirmations

The company confirmed that Mr. Samba Siva Rao Jasty does not hold any other directorships in listed entities and stated there are no material reasons for resignation beyond those disclosed under Regulation 30 of SEBI (LODR) Regulations, 2015. The company has authorized any director to file the requisite Form DIR-12 with MCA and complete all necessary compliance requirements.