Intimation about change in directorate is enclosed as attachment.
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Elnet Technologies announced a CFO change effective November 5, 2025. Mr. Dhawala Srinivas Rao resigned as Chief Financial Officer and Key Managerial Personnel, and the Board accepted his resignation the same day. In a simultaneous move, Mrs. Duraisamy Indumathi was appointed as the new CFO, bringing over 14 years of experience in accounts and finance across various manufacturing industries. Additionally, Mrs. A.R. Rajalakshmi, a Chartered Accountant and General Manager (Finance and Accounts) at Electronics Corporation of Tamilnadu Limited (ECTL), was appointed as Non-Executive Additional Director. Her appointment follows a nomination letter from ECTL dated October 8, 2025, indicating that the promoter/parent entity is placing its nominee on Elnet's board.
The back-to-back resignation and appointment of the CFO suggests a planned, orderly succession rather than a sudden leadership vacuum, which is neutral to mildly positive for shareholders. The new director appointment strengthens the promoter entity's oversight on the board, reinforcing governance continuity.