Resignation of Cheif financial officer has been attached.
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Elnet Technologies has accepted the resignation of Mr. Dhawala Srinivas Rao as Chief Financial Officer effective November 5, 2025, at a board meeting held the same day. In an immediate replacement, the board appointed Mrs. Duraisamy Indumathi, who brings over 14 years of experience in accounts and finance across manufacturing industries, as the new CFO from the same effective date. Additionally, Mrs. A.R. Rajalakshmi, a Chartered Accountant and General Manager (Finance & Accounts) at Electronics Corporation of Tamilnadu, was appointed as a Non-Executive Additional Director, following nomination by Electronics Corporation of Tamilnadu Limited (a government undertaking).
The swift back-to-back CFO transition with a qualified successor limits any leadership vacuum and is largely neutral for shareholders. The nomination of a director linked to Electronics Corporation of Tamilnadu hints at the promoter/government shareholder's continued board influence, which investors should monitor for strategic direction.