Magna Electro Castings' Vice President - Finance Steps Down
Sri. K. Thangamuthu, Vice President - Finance at Magna Electro Castings Limited, has resigned due to personal reasons, effective August 25, 2025. The company disclosed this information to the Bombay Stock Exchange in compliance with SEBI regulations. The resignation was communicated by the Company Secretary, Divya Duraisamy, along with necessary details and the resignation letter.

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Magna Electro Castings Limited, a prominent player in the casting industry, has announced a significant change in its senior management. The company's Vice President - Finance, Sri. K. Thangamuthu, has tendered his resignation, marking the end of his tenure with the organization.
Resignation Details
According to the official announcement made by Magna Electro Castings Limited, Sri. K. Thangamuthu's resignation will take effect from August 25, 2025. The company cited personal reasons as the cause for his departure, respecting the privacy of the outgoing executive.
Regulatory Compliance
In adherence to the transparency norms set by regulatory authorities, Magna Electro Castings Limited promptly disclosed this information to the Bombay Stock Exchange (BSE). The announcement was made in compliance with Regulation 30 read with Para A (7C) of Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Official Communication
Divya Duraisamy, the Company Secretary and Compliance Officer of Magna Electro Castings Limited, officially communicated the resignation to the BSE. The company has provided all necessary details as mandated by the SEBI circular No SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024, along with the resignation letter submitted by Sri. K. Thangamuthu.
Impact and Transition
While the departure of a senior finance executive can be significant for any organization, Magna Electro Castings Limited has not provided any immediate information regarding a successor or transition plan. Stakeholders and investors will likely be keen to see how the company manages this change in its financial leadership.
As Magna Electro Castings navigates this transition, the market will be watching closely for any potential impacts on the company's financial strategies and performance.
Historical Stock Returns for Magna Electro Castings
1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
---|---|---|---|---|---|
+0.03% | +2.80% | -2.90% | +48.63% | +39.16% | +789.96% |