Colorchips New Media Ltd — Important, 26-05-2026: Company Update

Colorchips New Media Limited announced that Mr. Murthy Vadlamani Venkata Satyanarayana has resigned as Managing Director due to personal reasons and pre-occupations. The Board has approved the appointment of Mr. Chaganty Ravi Shankar as the new Managing Director for a five-year term. Mr. Shankar, with over 34 years of experience in administration and accountancy, will lead the company. His appointment is contingent on approval from the shareholders at an upcoming Extraordinary General Meeting, marking a significant leadership transition for the company.