Marine Electricals (India) Limited announced the cessation of Mr. Madan Gopal Pendse as an Independent Director following the completion of his second term with the company. His tenure concluded at the close of business hours on July 10, 2026, impacting the composition of the company's board and key committees.

Consequent to his departure, Mr. Pendse ceased to hold the position of Chairman of the Audit Committee and the Stakeholders Relationship Committee. The disclosure was made to the National Stock Exchange of India Limited pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The company confirmed that there are no inter-se relationships between the outgoing director and other directors, key managerial personnel, or senior management personnel. The filing was signed by Deep Shah, Company Secretary & Compliance Officer.

Details of Change

Marine Electricals (India) Limited has secured orders worth Rs 75.19 crores from STT Global Data Centres India Private Limited and Princeton Digital Group (India) Management Private Limited for power distribution systems. The orders were disclosed under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulation, 2015, on June 23, 2026. Deliveries for these projects are scheduled over a period of 12-18 months. The company confirmed that none of the promoters or promoter groups have any interest in these orders, and they do not fall within the ambit of related party transactions.

Power Distribution Segment Orders

The company received an order from STT Global Data Centres India Private Limited for the supply of a power distribution system. Additionally, an order was received from Princeton Digital Group (India) Management Private Limited for the supply of a power distribution system. Both orders are scheduled for delivery over 12-18 months.

These orders mark the company's continued engagement with the data centre infrastructure sector.