Cura Technologies Limited has informed the Exchange about Shareholders meeting
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Cura Technologies Limited has called an EGM on April 24, 2026 through video conferencing to consider several proposals. Key changes include re-designating Mrs. Sanjana Lagumavarapu as Non-Executive Director (she resigned as Managing Director due to professional commitments) and appointing Mr. Saraswathula Sivaramakrishna Mohan Babu as Managing Director for 3 years starting March 27, 2026 at nil remuneration initially. Mr. Babu is the Resolution Applicant and Promoter holding 2.47% shares, with 30+ years of capital market experience. The company also seeks shareholder approval to increase borrowing limits to Rs. 25 crores, create charges on assets for securing borrowings, and make investments/loans up to Rs. 10 crores. Additionally, shareholders will vote on adopting a new Articles of Association aligned with Companies Act 2013. The company emerged from IBC proceedings in 2023 and recently started operations in June 2025, with losses of Rs. 66.29 lakhs in FY 2024-25.
The appointment of an experienced capital market professional as Managing Director and expanded borrowing/investment powers signal the company is in revival mode post-IBC. The expanded financial flexibility could support business growth but also increases debt obligations for a loss-making company.