Key Personnel Changes

Resignation: Mr. RM Subramanian submitted his resignation as Chief Financial Officer of the Company on 12 November 2026. The resignation was addressed to MD & CEO Rajendra Velagapudi and cited "professional reasons (for pursuing better career opportunities)" as the cause. The relieving date was to be decided mutually.

Appointment: The Board of Directors, at its meeting held on 13 November 2026, approved the appointment of Mr. Suresh Narayan as the new Chief Financial Officer of the company effective 13 November 2026. This appointment was based on the recommendation of both the Nomination and Remuneration Committee and the Audit Committee.

Profile of New CFO

Mr. Suresh Narayan is a finance professional with over 20 years of experience in financial planning & analysis, investor relations, pricing, commercial strategy, and business finance. He has been associated with the organization since 2006 and has held several leadership positions across finance and business functions. He was part of the core team that successfully executed the Company's IPO in 2023. He holds an MBA from the University of Mysore and has completed the Advanced Management Program in Operations & Supply Chain from the Indian School of Business (ISB).

Transition Rationale

The Board stated that the transition has been planned to ensure business continuity and seamless transfer of responsibilities. They believe that Mr. Suresh Narayan's extensive experience within the organization and deep understanding of the Company's financial and strategic positions him well to lead the finance function and support the Company's continued growth trajectory.

Regulatory Compliance Details

Disclosure Timing: The event occurred on 13 November 2026 at 09:00 AM IST.

Regulatory References:

  • SEBI Circular No. SEBI/HO/CFD/CFD-PoDl/P/CIR/2023/123 dated July 13, 2023
  • BSE's Circular No. 20230714-34 dated July 14, 2023
  • NSE's Circular No. NSE /CML/2023/57 dated July 14, 2023

Additional Information: The information will be made available on the Company's website at www.cyientdlm.com.

Financial Impact

Financial impact not quantified in the disclosure.