Change in management - Resignation of Mr. Srinivas Medepalli As Director (Non- Executive and Independent) of the Company w.e.f. May 08, 2026. Appointment of Mr. Vivek Kumar Singh as ....
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Cambridge Technology Enterprises Ltd has announced two board-level changes. First, Mr. Sreenivas Medepalli resigned as Non-Executive and Independent Director with effect from May 8, 2026, after the Board accepted his resignation and recorded appreciation for his contribution. Second, the Board appointed Mr. Vivek Kumar Singh as an Additional Non-Executive and Independent Director effective May 30, 2026, based on the recommendation of the Nomination and Remuneration Committee and subject to shareholder approval. Mr. Singh brings over 16 years of experience in corporate finance and investment banking, having worked with HSBC and currently serving as Managing Partner at Singhbanc Capital. He is not related to any existing directors and is not debarred from holding the office.
The resignation reduces the Board's Independent Director count, which may trigger regulatory compliance concerns. The appointment of a seasoned finance professional with investment banking background could bring relevant expertise, but the pending shareholder approval introduces near-term uncertainty.