1. Appointment of Mr. Sudhakara Reddy Allam (DIN: 02902130) as an Additional Director and Managing Director of the Company with effect from May 26, 2026., subject to the approval of the ....
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Telogica Ltd's Board meeting on May 26, 2026 approved two key leadership changes. Mr. Sudhakara Reddy Allam (DIN: 02902130) was appointed as Additional Director and Managing Director for a 5-year term starting May 27, 2026, subject to shareholder approval at the next general meeting. He holds 60,661 equity shares (0.09%) and is a commerce graduate from Nagarjuna University with experience in business development and supply chain management. Simultaneously, Mr. Mandava Srinivasa Rao (DIN: 03456187) resigned as Director and Managing Director effective closing hours of May 26, 2026, citing pre-occupations. Mr. Rao holds 17.51% of the company's equity (1,14,40,688 shares) and confirmed no material reasons for his resignation other than stated.
This represents a complete change in top leadership. While Mr. Rao's significant 17.51% shareholding means he remains a major stakeholder, his departure as Managing Director creates uncertainty about future strategic direction. The new appointee has limited shareholding, suggesting he is likely an external professional hire brought in to lead the company.