Cambridge Technology Enterprises Limited has informed the Exchange regarding Resignation of Mr. Srinivas Medepalli as Independent Director of the company w.e.f. May 08, 2026 due to personal reasons. Consequently, he shall also cease to be a member of the Nomination and Remuneration Committee of the Company.Kindly take the same on record and acknowledge the receipt.
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Cambridge Technology Enterprises Limited has announced the resignation of Mr. Srinivas Medepalli (DIN: 08727174) as Non-Executive and Independent Director, effective from the close of business hours on May 08, 2026. The resignation is cited due to personal reasons. As a result, Mr. Medepalli also ceases to be a member of the Nomination and Remuneration Committee of the company. He has confirmed that there are no other material reasons for his resignation beyond what was stated. The board placed on record its appreciation for his valuable contribution and guidance during his tenure.
The departure of an Independent Director reduces board independence and may raise governance concerns for investors, as it removes a key committee member without an immediate replacement announced.