News Stocks Colorchips New Media Limited Announces Leadership Transition with New Managing Director AppointmentColorchips New Media Limited Announces Leadership Transition with New Managing Director Appointment
Colorchips New Media Limited has announced a leadership transition with Mr. Srinivasa Sudhish Ramabhotla resigning as Managing Director due to personal reasons, effective February 23, 2026. The Board simultaneously appointed Mr. Murthy Vadlamani Venkata Satyanarayana as the new Managing Director for a five-year term, subject to shareholder approval. The new appointee brings over 30 years of experience in finance, statutory compliances, and taxation, with qualifications including MBA (Finance) and Law from Osmania University.
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Colorchips New Media Limited has announced a major leadership transition with the resignation of its Managing Director and the appointment of a new executive to lead the company. The changes, effective from February 23, 2026, represent a significant development in the company's management structure.
Leadership Resignation
Mr. Srinivasa Sudhish Ramabhotla (DIN: 00027816) has tendered his resignation from the position of Managing Director of Colorchips New Media Limited with effect from February 23, 2026. In his resignation letter, he cited personal reasons and pre-occupations requiring immediate attention as the primary factors behind his decision.
The outgoing Managing Director confirmed that there are no other material reasons for his resignation beyond those mentioned in his formal resignation letter. He expressed gratitude to the Board of Directors and management team for their support during his tenure and wished the company continued success in future endeavors.
New Managing Director Appointment
The Board of Directors, at its meeting held on February 23, 2026, approved the appointment of Mr. Murthy Vadlamani Venkata Satyanarayana (DIN: 07514729) as the new Managing Director of the company. The appointment details are as follows:
| Parameter: | Details |
|---|---|
| Appointment Date: | February 23, 2026 |
| Term Duration: | 5 years |
| Subject to: | Shareholder approval |
| Legal Framework: | Sections 196, 197, 203 read with Schedule V of Companies Act, 2013 |
New Managing Director Profile
Mr. Murthy Vadlamani Venkata Satyanarayana brings extensive experience to his new role. Key aspects of his background include:
| Qualification/Experience: | Details |
|---|---|
| Age: | 56 years |
| Education: | MBA (Finance) and Law graduate from Osmania University |
| Experience: | More than 30 years in Finance and Statutory Compliances |
| Expertise: | Financial Accounting, Taxation, and senior level liaising |
| Relationship to Board: | Not related to any existing Directors |
The Board selected him for the position due to his strong credentials and diverse knowledge in accountancy, business, and law. He is not debarred from holding the office of Director by any order from SEBI or other regulatory authorities.
Regulatory Compliance and Next Steps
The appointment has been made pursuant to the applicable provisions of the Companies Act, 2013 and rules made thereunder. The company will seek shareholder approval for the appointment by convening an Extraordinary General Meeting within three months from the date of appointment, as required under the Companies Act, 2013.
The Board of Directors will formally take note of the resignation in the ensuing Board Meeting. All necessary regulatory disclosures have been made under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, ensuring full compliance with listing requirements.
Historical Stock Returns for Colorchips New Media
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +3.82% | +1.49% | -4.16% | -14.73% | -57.25% | +43.16% |
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