Marine Electricals director Mohan Rao steps down after second term
Mr. Mohan Rao ceased to be an Independent Director of Marine Electricals (India) Limited on May 29, 2026, following the completion of his second term. Consequently, he vacated his positions on the Nomination & Remuneration Committee, Stakeholders Relationship Committee, and Risk Management Committee.
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Mr. Mohan Rao ceased to be an Independent Director of Marine Electricals (India) Limited on May 29, 2026, following the completion of his second term. The cessation is effective from the close of business hours on the said date, as disclosed under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Consequent to the completion of his tenure, Mr. Rao is no longer a member of the Nomination & Remuneration Committee, Stakeholders Relationship Committee, and Risk Management Committee. The disclosure was made in compliance with SEBI Circular No. SEBI/HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026.
Director Details
| Sr No | Disclosure Requirements | Details |
|---|---|---|
| 1 | Name | Mr. Mohan Rao (DIN: 02592294) |
| 2 | Reason for Change | Cessation of Mr. Mohan Rao as Director of the Company upon Completion of his second tenure as an Independent Directorship with effect from the from the close of business hours of May 29, 2026 |
| 3 | Date of Cessation | May 29, 2026 |
| 4 | Relationship inter-se Directors / Key Managerial Personnel / Senior Management Personnel | Not Applicable |
Historical Stock Returns for Marine Electricals
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +4.27% | -8.97% | +6.05% | +27.25% | +26.03% | +342.22% |
Who will be appointed to replace Mr. Rao on the Nomination & Remuneration Committee?
How will the departure impact the company's risk management strategy?
Will the board seek a successor with similar expertise in the marine electrical sector?
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