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