Management Change26 May 2026, 03:43 pm
Colorchips New Media: MD Murthy Vadlamani Resigns, Chaganty Ravi Shankar Appointed
AI Summary
Colorchips New Media Ltd announced the resignation of Mr. Murthy Vadlamani Venkata Satyanarayana as Managing Director, effective May 26, 2026. Simultaneously, the Board of Directors approved the appointment of Mr. Chaganty Ravi Shankar as the new Managing Director for a 5-year term, also effective May 26, 2026, subject to shareholder approval. The company will seek shareholder approval for the appointment within three months at an Extraordinary General Meeting.
Key Highlights
- Murthy Vadlamani Venkata Satyanarayana resigned as Managing Director effective May 26, 2026.
- Chaganty Ravi Shankar appointed as Managing Director for 5 years from May 26, 2026.
- Shareholder approval for Chaganty Ravi Shankar's appointment will be sought within three months.
- Chaganty Ravi Shankar has over 34 years of experience in administration and related fields.
Price Impact
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