Management Change6 Oct 2026, 07:30 pm
Merritronix Ltd: Independent Director Resigns
AI Summary
Merritronix Ltd announced the resignation of Mr. Ramalakshmana Rao Pavuluri as an Independent Director, effective October 6, 2026. The resignation is due to personal and professional commitments. Consequently, he will also cease to be the Chairman/Member of the Audit Committee and Nomination and Remuneration Committee. The company confirmed it will continue to comply with the minimum independent director requirement under the Companies Act, 2013.
Key Highlights
- Independent Director Mr. Ramalakshmana Rao Pavuluri has resigned.
- Resignation is effective October 6, 2026.
- Director cites personal and professional commitments.
- Cessation from Audit and Remuneration Committees.
- Company to maintain statutory independent director ratio.
Price Impact
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