Cambridge Technology Enterprises Limited has informed the Exchange about General Updates on Appointment and Change in Designation of Director
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Cambridge Technology Enterprises Limited informed the exchanges that shareholders have approved, via special resolutions through postal ballot, two board changes that were earlier communicated in February 2025. First, Mr. Tarakad Narayanan Kannan (DIN 10942544) has been formally appointed as a Non-Executive Independent Director for a term of up to five years, effective February 15, 2025. Second, Ms. Jayalakshmi Kumari Kanukollu (DIN 03423518) has had her designation changed from Non-Executive Independent Director to Non-Executive Non-Independent Director, effective March 14, 2025. The special resolutions were deemed passed on May 14, 2025, the last date for remote e-voting.
The board now has a new independent director, which strengthens independent oversight, but the conversion of an existing director from independent to non-independent reduces the count of independent directors on the board. Shareholders should monitor the overall independent director composition to ensure continued compliance with SEBI's board composition norms.