Full board overhaul after change in control, new promoter takes charge

Ceo ResignedCeo Appointed ExternalAuditor Resigned MidtermPromoter Family Board EntryManagement Changes View source PDF

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Price reaction · full curve 14 horizons · vs prior close

+10.2%1-day move

₹161.10

prior close

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base price

After-mkt

timing

5m10m15m30m1D2D3D4D5D7D15D1M2M3M

————+10.2+15.7—+27.6+33.9+47.6+103.6———

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AI summary

Following a change in control, Photon Capital Advisors reconstituted its entire board on June 25, 2026. Five directors resigned, including Whole-time Director Sobharani Nandury and Independent Director Venkata Subash Lingareddy. Five new directors were appointed, with Sreeram Reddy Vanga as new Chairman and Managing Director. Family members of the new CMD also joined the board. Statutory auditor M Anandam and Co resigned mid-term and was replaced by SNDJ and Co.

Likely market impact

New promoter-led management takes full control with family on board. Signals a strategic shift and likely change in business direction.