Cura Technologies Limited has informed the Exchange regarding Outcome of Board Meeting held on March 27, 2026.
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Cura Technologies' board met on March 27, 2026 and approved several major changes. Mrs. Sanjana Lagumavarapu stepped down as Managing Director citing other professional commitments but will continue as a Non-Executive Director. In her place, Mr. Saraswathula Sivaramakrishna Mohan Babu, described as the successful Resolution Applicant and promoter of the company, was appointed as Additional Director and Managing Director for three years. The board also approved a working capital loan of up to Rs. 4 crore from directors/NBFCs/inter-corporate borrowings, raised the overall borrowing limit to Rs. 25 crore, and set Section 186 limits at Rs. 10 crore. An EGM is scheduled for April 24, 2026 to seek shareholder approval for these items. The board also reviewed the assets and liabilities of Catalog IT Solutions Private Limited, asking the erstwhile management to share financial data.
Shareholders should note a leadership change at the top, with the company's resolution applicant and promoter now taking charge as Managing Director, which may signal a strategic shift post-resolution. The new borrowings and increased limits point to higher leverage, so investors should watch for how the working capital loan is used and for outcomes of the EGM vote on April 24, 2026.