Sowbhagya Media Limited at its board meeting held on April 22, 2019, approved the resignation of Mr. Ramakrishna Prasad Kondapalli, as the Managing Director of the company effective April 22, 2019 due to his ill health and continuous hospitalization. The board also approved the appointment of Mr. Madhusudana Rao Madikonda as the Whole-time director of the company effective April 22, 2019, subject to the approval of shareholders.