Marine Electricals: Madan Gopal Pendse Ceases Role as Independent Director and Committee Chairman
Marine Electricals (India) Limited has announced that Mr. Madan Gopal Pendse, identified by DIN 07650301, has ceased being a director of the company following the completion of his second tenure as an Independent Director. The change in directorship was effective from the close of business hours on July 10, 2026.Consequent to this cessation, Mr. Madan Gopal Pendse also stepped down as the Chairman of both the Audit Committee and the Stakeholders Relationship Committee.
The details regarding the transition of leadership at Marine Electricals (India) Limited are summarized below:
| Sr No | Disclosure Requirements | Details |
|---|---|---|
| 1 | Name | Mr. Madan Gopal Pendse (DIN: 07650301) |
| 2 | Reason for Change | Cessation of Mr. Madan Gopal Pendse (DIN: 07650301) as Independent Director of the Company upon Completion of his second tenure as an Independent Director with effect from the close of business hours - July 10, 2026 |
| 3 | Date of Cessation | July 10, 2026 |
| 4 | Relationship inter-se Directors / Key Managerial Personnel / Senior Management Personnel | Not Applicable |
MARINE Stock Price Movement
Today, Marine Electricals (India) Limited shares edged higher in the market, gaining 4.59% to settle at ₹258.70 after a strong performance. The stock traded within an intraday range of ₹247.85 and ₹260.90, and saw a total traded volume of 678,920 shares today.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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