Maharashtra Seamless accepts resignation of Whole-time Director
Maharashtra Seamless Limited accepted the resignation of Pithelis Raj Santhanamarian as Whole-time Director effective June 30, 2026, due to personal reasons. He will continue to serve as a Non-Executive Director. The disclosure was made to stock exchanges under Regulation 30 of the SEBI Listing Regulations.
*this image is generated using AI for illustrative purposes only.
Maharashtra Seamless Limited accepted the resignation of Pithelis Raj Santhanamarian from the position of Whole-time Director effective June 30, 2026. Santhanamarian cited personal reasons and other pre-occupations for stepping down from the executive role. Despite the resignation, he will continue to serve on the board as a Non-Executive Director of the company.
The company informed the stock exchanges regarding the change in directorship pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The detailed disclosure was submitted in accordance with SEBI Master Circular No. SEBI/HO/49/14/14(7)2025-CFD-POD2//3762/2026 dated January 30, 2026.
Santhanamarian confirmed in his resignation letter that there are no material reasons for his departure other than the personal pre-occupations stated. The transition from an executive to a non-executive role was finalized on the specified date, ensuring continuity in governance.
Details of Change in Directorship
The following table outlines the specifics of the directorial change as disclosed to the exchanges:
| S. No. | Particulars | Details |
|---|---|---|
| 1. | Reason for change | Resignation from the post of Whole-time Director and he will continue as Non-Executive Director of the Company |
| 2. | Date of cessation | Resignation from the post of Whole-time Director with effect from 30 June, 2026 |
| 3. | Brief profile | Not Applicable |
| 4. | Disclosure of relationships | Not Applicable |
| 5. | Letter of Resignation | Enclosed |
Historical Stock Returns for Maharashtra Seamless
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -0.28% | -8.17% | -4.10% | +8.43% | -21.86% | +300.66% |
Who will be appointed to fill the operational void left by the Whole-time Director?
How will this leadership transition impact the company's strategic execution over the next year?
Will the company maintain its current dividend policy following this change in executive leadership?
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