The detailed attachment has been enclosed for resignation of CFO
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Elnet Technologies announced that Mr. Dhawala Srinivas Rao has resigned as Chief Financial Officer (CFO) effective November 5, 2025, and the Board has accepted his resignation. In his place, Mrs. Duraisamy Indumathi, with over 14 years of experience in accounts and finance across manufacturing industries, has been appointed as the new CFO effective the same date. Additionally, Mrs. A.R. Rajalakshmi, a Chartered Accountant currently serving as General Manager (Finance and Accounts) at Electronics Corporation of Tamil Nadu (ELCOT), has been appointed as Non-Executive Additional Director effective November 5, 2025. All three changes were approved at the Board meeting held on November 5, 2025, based on recommendations of the Nomination and Remuneration Committee and Audit Committee.
This is a routine senior management transition with an immediate replacement for the CFO role, so day-to-day finance functions should remain unaffected. The simultaneous appointment of an ELCOT nominee director reflects the promoter's (Government of Tamil Nadu through ELCOT) continued board oversight.