Melstar Information Technologies Limited has informed the Exchange about change in Management that the Board of Directors of Melstar Information Technologies Limited (hereinafter referred to as 'the Company'), have at their meeting held on Saturday, the 14th day of February, 2026, interalia considered and approved, along with other business items, the following: a. the Appointment of Ms. Rose Mary Vase (DIN: 09286115) as an Additional Director (Non-Executive & Independent) of the Company. b. the change in designation of Mr. Raveendra Sangapu and appoint him as the Chief Financial Officer (Key Managerial Personnel) of the Company.
Awaiting price reaction for this filing.
The Board of Melstar Information Technologies Limited, at its meeting held on February 14, 2026, approved two key management changes. Ms. Rose Mary Vase (DIN: 09286115) has been appointed as an Additional Director in the Non-Executive & Independent category. Mr. Raveendra Sangapu has been redesignated and appointed as the Chief Financial Officer of the Company, making him part of the Key Managerial Personnel. These changes are part of routine board restructuring and comply with corporate governance norms. The company has not disclosed any specific strategic rationale behind these changes.
These are routine governance updates and are unlikely to have any material impact on stock price or shareholder value. Shareholders should review the backgrounds of the new appointees through the company's disclosures to assess any strategic direction changes.