Power Mech Projects Limited has formally accepted the resignation of Mrs. Sajja Lakshmi as a Non-Executive and Non-Independent Director. Her resignation, effective from the close of business hours on August 8, 2026, was submitted due to personal preoccupations and unavoidable commitments. The company had previously intimated this resignation on August 8, 2026, following a Board Meeting.
Director Resignation Noted
Power Mech Projects Limited has officially submitted the formal resignation letter of Mrs. Sajja Lakshmi from her position as a Non-Executive and Non-Independent Director. The resignation is effective from the close of business hours on August 8, 2026.
Reason for Resignation
In her letter to the Board of Directors, Mrs. Lakshmi cited increasing personal preoccupations and other unavoidable commitments as the primary reasons for stepping down. She expressed that these commitments prevent her from devoting the necessary time, attention, and energy that the Board and the Company rightfully deserve.
Previous Intimation
This submission follows up on the company’s earlier intimation dated August 8, 2026, which was disclosed as an outcome of a Board Meeting. At that time, the Company had promptly informed stakeholders about Mrs. Sajja Lakshmi’s resignation.
Gratitude and Future Wishes
Mrs. Lakshmi conveyed her gratitude for the opportunity to serve on the Board, highlighting her pride in the company’s achievements, particularly during her tenure as Chairperson of the Corporate Social Responsibility (CSR) Committee. She expressed confidence in the leadership team and wished the Company and its stakeholders a prosperous future.
Formal Filings
The company has been requested to arrange for necessary filings, including Form DIR-12, with the Registrar of Companies and relevant Stock Exchanges as per statutory requirements.
Source: BSE
