We hereby inform your esteemed organization that Mr. Sreenivas Medepalli (DIN 08727174), Non-Executive and Independent Director has tendered his resignation from the close of business hours ....
CTE · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Cambridge Technology Enterprises Ltd has announced the resignation of Mr. Srinivas Medepalli (DIN 08727174) as Non-Executive Independent Director, effective from close of business hours on May 8, 2026. The resignation has been tendered citing personal reasons. With this exit, Mr. Medepalli also ceases to be a member of the company's Nomination and Remuneration Committee. The board has placed on record its appreciation for his valuable contribution and guidance during his tenure. Mr. Medepalli has confirmed in writing that there are no other material reasons behind his resignation beyond those stated. The company is required to file the necessary documents with the Registrar of Companies under the Companies Act, 2013.
The departure of an Independent Director reduces board independence and removes a key committee member, which could raise governance concerns for investors in the short term. The board must now fill the vacancy to maintain the required composition.