Cura Technologies Limited has informed the Exchange about change in Management
CURAA · price
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Cura Technologies' Board has approved a major change at the top on 27.03.2026. Mrs. Sanjana Lagumavarapu has stepped down as Managing Director due to other professional commitments and will continue as a Non-Executive Director. In her place, Mr. Saraswathula Sivaramakrishna Mohan Babu, a 68-year-old commerce graduate and Company Secretary with 30+ years in capital markets, has been appointed as the new Managing Director for 3 years. Notably, Mr. Mohan Babu is described as the successful Resolution Applicant and promoter of the company, meaning the company came out of insolvency under his resolution plan. The Board also approved borrowing of up to Rs. 4 crore as unsecured loans for working capital, increased overall borrowing limits to Rs. 25 crore, and adopted new Articles of Association. An EGM is scheduled for 24.04.2026 to seek shareholder approval.
A new promoter-aligned Managing Director taking charge could bring strategic clarity, but the immediate need for working capital loans and higher borrowing limits suggests the company is still in a financially tight phase. Shareholders should watch the EGM outcome on 24.04.2026, as the new MD's track record and capital-raising plans will be key drivers of stock sentiment.