The board of directors of Madhucon Projects Limited meeting held on November 11, 2022, based on the recommendation of Nomination and Remuneration Committee, approved an appointment of Mr. K. Venkateswarlu as an additional director in the position of "Director cum CFO" with effect from November 11, 2022. The board accepted the resignation of Mr. Madhu Malampati from the position of Directorship of the Company, with effect from November 11, 2022. K. Venkateswarlu as qualified Chartered Accountant in the year 1989 and having 33 years of post qualification experience.

Worked in reputed manufacturing and trading organizations in responsible positions before associating with Madhucon Projected Limited. He is associated with Madhucon from 1 June 2012 i.e from more than one decade.