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

Colorchips New Media announced Mr. Murthy Vadlamani Venkata Satyanarayana has resigned as Managing Director due to personal reasons. The company has appointed Mr. Chaganty Ravi Shankar as the new Managing Director for a five-year term, subject to shareholder approval. Mr. Shankar brings over 34 years of diverse experience in administration, including liaison, purchase, and marketing, along with strong credentials in accountancy. This leadership transition is a key development for the company's future direction.