Mr. S.S. Raman, Independent Director at Lokesh Machines Limited, Telangana, India, has resigned from his position effective April 29, 2025, citing health reasons. He also relinquishes his chairmanship and committee memberships within the company.
Mr. S.S. Raman, who served as an Independent Director at Lokesh Machines Limited, has officially resigned from his position, effective from the close of business hours on April 29, 2025. The company, headquartered in Hyderabad, Telangana, is a prominent Indian manufacturer specializing in machine tools and auto components. It plays a critical role in supplying high-precision equipment for domestic and international clients.
According to the company’s stock exchange filings, Mr. Raman tendered his resignation due to health reasons that currently prevent him from actively participating in board-level activities. Consequently, he has also stepped down as the Chairman of the Stakeholders Relationship Committee and the Nomination and Remuneration Committee, and as a member of both the Audit Committee and the Corporate Social Responsibility Committee.
Mr. Raman, who joined the company’s board on August 11, 2022, confirmed that there were no other material reasons behind his resignation aside from health concerns. He also stated that he does not hold any directorships or board committee memberships in any other listed companies at this time.
In his letter, he thanked the Board and committee members for their support during his tenure and requested formal acknowledgment of his resignation along with a copy of the relevant filings made with the Registrar of Companies.
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