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📋 Filing Types Available on ForgeUp Filings Sourced from BSE corporate announcements (equity segment). Companies covered are BSE-listed and most are also listed on NSE. We show only material filings.
Financial Results Orders Dividend Buyback Merger / Acquisition Board Meeting Outcome Fundraise (QIP / Rights / FPO) Regulatory / Court Order Credit Rating Change Promoter Pledge Update Management Change Joint Venture / MOU Delisting Bonus Shares Stock Split
Data sourced from BSE India corporate announcements. More categories will be added over time.
Madhucon Projects Ltd-$

Madhucon Projects: Director-F&A Samba Siva Rao Jasty resigns effective 20 Feb 2026

MANAGEMENT ◆ Monitor Closely MEDIUM RISK
📅 Filed on BSE: 16 Mar 2026, 05:41 PM IST  ·  BSE ID: f5edd681-e805-4a1b-8f28-7bcb39149e88
View Original BSE Filing (PDF)
💡
In Simple Terms
Madhucon's Finance Director resigned on health grounds; the Board accepted his departure effective mid-February 2026.
🤖 AI Summary
  • Director-F&A Samba Siva Rao Jasty (DIN: 09526475) resigned effective 20 February 2026 due to health issues
  • Board approved resignation via Circular Agenda No. 100/2025-26 dated 14 March 2026
  • Resignation letter submitted 20 February 2026; DIR-11 filed with MCA SRN No. AC2646709 on 14 March 2026
  • Follows recent CFO appointment and independent director addition; indicates board management transition underway
🔢 Key Numbers - exact figures from BSE filing, not rounded
Resignation effective date
20 February 2026
Board approval date
14 March 2026
DIN of resigned director
09526475
🏢 How This Affects the Company
⚙️
Operational Impact
Removal of Director-Finance & Accounts position creates gap in finance leadership reporting structure. Company must either appoint successor or redistribute F&A responsibilities among remaining board/management.
⚠️
Risk Impact
Interim period without dedicated Director-F&A may delay financial decisions or governance oversight until successor appointed. Pattern of multiple leadership changes within weeks increases execution continuity risk.
👥 What This Means For Shareholders
✅
Action Required
No immediate shareholder action required; monitor next quarterly results for successor announcement and finance function clarity.
👤
Who Is Affected
All shareholders affected if successor delay impacts financial reporting timeliness or audit quality. Board-level governance continuity directly impacts all equity holders.
🔍
Management Signal
Simultaneous removal of Director-F&A, appointment of new CFO, and addition of independent director suggests planned board reconfiguration rather than crisis-driven departure.

For information only. Not investment advice. ForgeUp is not SEBI-registered.

👁 Watch List - track these upcoming events
Successor appointment filing under Regulation 30 LODR — watch within 90 days
Q4 FY26 financial results — verify audit completion and finance function continuity
Next board composition disclosure — check updated list of board members and roles
MEDIUM RISK Director-F&A departure without successor creates interim finance governance gap. Pattern of multiple leadership changes raises continuity risk.
💡 Investor Takeaway
Madhucon's Director-Finance resigned 20 February 2026 due to health reasons; Board approved 14 March 2026. No successor named. This is the third senior leadership change announced simultaneously (CFO appointment, independent director addition also on 16 March 2026 filings), indicating significant board restructuring in progress.
⚖️ Strengths & Concerns

⚠️ Concerns

  • No successor named for Director-F&A role; creates interim governance gap in finance leadership
  • Third senior change in rapid succession (CFO, independent director, now Director-F&A) signals management instability
📅 Company Track Record
Madhucon incorporated 1990 (CIN: L74210TG1990PLC011114). Recent filings show board reinforcement: NCLT confirmed five directors, suspended three; CFO Satish Kalmaste appointed same date (16 March 2026); independent director Kajal Chhatwal added same date; shareholder approval pending for new independent director.

Based on publicly available historical data. For context only.

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⚠️ For Information Only - Not Investment Advice
ForgeUp Filings provides AI-generated summaries of public BSE exchange announcements (equity segment) for informational purposes only. Nothing here constitutes investment advice or a recommendation to buy, sell, or hold any security. ForgeUp is not a SEBI-registered investment advisor. All financial numbers are sourced directly from BSE filings and shown as-is. Past data is historical only. Please consult a qualified financial advisor before making investment decisions. Data sourced from BSE India public disclosures.
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