Key Management Changes

Resignation of CFO

  • Mr. Venkata Seshavataram Varada resigned from the position of Chief Financial Officer and Key Managerial Personnel
  • Effective from close of business hours on June 9, 2026
  • Reason for resignation: preoccupation and other personal commitments
  • Mr. Varada confirmed there are no other material reasons for resignation beyond those stated
  • Resignation letter dated June 10, 2026 was enclosed with the filing

Appointment of New CFO

  • Mr. Rama Rao Telli appointed as Chief Financial Officer and Key Managerial Personnel
  • Effective from June 10, 2026
  • Appointment based on recommendation of Nomination and Remuneration Committee and Audit Committee
  • Consent letter dated June 10, 2026 enclosed with the filing

Profile of New CFO

Mr. Rama Rao Telli is a qualified Chartered Accountant with approximately 21+ years of experience, specializing in:

  • Corporate finance (financing infrastructure and large corporates)
  • Treasury management and fund mobilization
  • Budgeting and statutory compliance
  • Corporate recovery and internal controls
  • Feasibility studies and strategic financial planning
  • Policy establishment and mechanism setup
  • P&L operations and risk mitigation
  • Internal audit, taxation, and compliance
  • Comprehensive understanding of corporate accounts, Financial Reporting & Accounting Standards, IND AS, Auditing Guidelines, Corporate Laws, Commercial Laws and Labour Legislation

Started career specializing in banking sector before moving to IT industry.

Board Meeting Details

  • Meeting held on June 10, 2026
  • Commenced at 5:30 PM IST
  • Concluded at 7:30 PM IST
  • Approved both resignation and appointment matters

Additional Information

  • Company Registration: CIN L72200TG1991PLC013135
  • Company Secretary & Compliance Officer: Mukkamala Hanumath Venkata Srinaga Sambhu Prasad (Membership No. F8795)
  • New CFO's PAN: AEIPT9983P
  • New CFO's Address: 1-2-385, Flat No. C-1, First Floor Happy Gagan Apartments, Gagan Mahal Road Domalguda, Hyderabad - 500029