Mindteck (India) Limited — Updates, 04-03-2025: Press Release

Mr. Anand Balakrishnan has resigned as Managing Director and CEO of Mindteck (India) Limited, effective May 31, 2025. He will remain in his role for three months to ensure a smooth transition. Over his five-year tenure, he has led significant transformations that resulted in sustainable growth and improved liquidity for the company. Balakrishnan cited personal reasons for his decision, expressing his gratitude to employees, customers, and stakeholders for their support. The Board has accepted his resignation, and the Nomination and Remuneration Committee will initiate the search for his successor. This leadership transition could present both challenges and opportunities for Mindteck as it prepares for future growth. Investors should watch closely to see how the company navigates this change.