Madhucon Projects Limited has issued a clarification regarding the resignation of Independent Director Mrs. Ch. Lakshmi Kumari, responding to queries from BSE Limited about the directorship change announced in November 2025.

Board Acceptance and Timeline

The company confirmed that Mrs. Ch. Lakshmi Kumari's resignation was formally processed through proper corporate governance channels. The resignation details are summarized below:

The resignation letter was placed before the board at its 613th Board Meeting and was accepted and approved on November 8, 2025. The original announcement regarding this directorship change was submitted to the stock exchange on the same date.

Resignation Details and Compliance

Mrs. Kumari submitted her resignation letter directly to the Board of Directors, citing personal reasons for her departure. In her resignation communication dated November 8, 2025, she stated her decision to tender resignation "from the position of Directorship of the Company due to my preoccupations and personal reasons with immediate effect."

The company has confirmed full compliance with regulatory requirements regarding the directorship change:

• Mrs. Kumari is not holding any other directorships in other listed entities
• No material reasons exist beyond those provided under Regulation 30 of SEBI (LODR) Regulations, 2015
• Proper documentation has been submitted to relevant authorities

Regulatory Communication

The clarification was issued in response to an official email from BSE Limited dated December 15, 2025, requesting additional details about the Independent Director's resignation that was originally announced on November 8, 2025. Madhucon Projects Limited provided the complete resignation letter and board resolution details to ensure transparency and regulatory compliance.

The company's response, signed by Company Secretary and Compliance Officer D. Malla Reddy, included the original resignation letter as supporting documentation. This communication ensures that all stakeholders have complete information regarding the directorship change and the circumstances surrounding Mrs. Kumari's departure from the board.

Madhucon Projects Limited has provided clarification to BSE Limited regarding the resignation of Independent Director Mr. P. Madhava Rao, following the exchange's inquiry. The company submitted its response on December 24, 2025, addressing questions about the resignation that was accepted on August 9, 2025.

BSE Clarification Request

The company received an official email from BSE on November 20, 2025, and subsequently on December 15, 2025, requesting clarification regarding the resignation of Independent Director Mr. P. Madhava Rao Potla (DIN: 00385838). The resignation letter was originally submitted and accepted during the board meeting held on August 9, 2025.

Company's Response

In its clarification to BSE, Madhucon Projects confirmed the following key points:

Key Clarifications

The company provided specific clarifications as requested by BSE:

Directorship Status

Mr. P. Madhava Rao Potla is not holding any other directorships in other listed entities, ensuring no conflict of interest or regulatory complications arising from his resignation.

Material Reasons

The company confirmed that there are no other material reasons for the resignation beyond those already provided under Regulation 30 of SEBI (LODR) Regulations, 2015. This confirmation addresses any concerns about undisclosed factors influencing the director's decision to step down.

Regulatory Compliance

The clarification was signed by D. Malla Reddy, Company Secretary and Compliance Officer, and submitted digitally on December 24, 2025. The response ensures full compliance with BSE's inquiry requirements and maintains transparency in corporate governance practices.

Previous Board Restructuring

This clarification comes as part of the broader board restructuring that took place in August 2025, which included the appointment of two new directors: Mr. Sambasiva Rao Jasty as an additional director and Mr. Turlapati Venkata Sundara Jawaharlal Nehru as an Independent Director for a five-year term.

The company's prompt response to BSE's inquiry demonstrates its commitment to regulatory compliance and transparent communication with stakeholders regarding governance matters.