Cambridge Technology completes 100% divestment of subsidiary

Cambridge Technology Enterprises Limited has completed the divestment of its 100% equity shareholding in CTE Technology Solutions Private Limited. The transaction, which was approved by the Board of Directors on March 30, 2026, concluded with the transfer of shares to Bizserve Technology Investments Pte Limited on May 21, 2026.

Transaction Details

The company disinvested its entire holding of 10,000 equity shares, each with a face value of Rs. 10. The shares were held in CTE Technology Solutions Private Limited, formerly known as CTE Web Apps Private Limited. The buyer, Bizserve Technology Investments Pte Limited, acquired the entire stake, resulting in the entity ceasing to be a wholly owned subsidiary of Cambridge Technology Enterprises Limited.

Particulars	Details
Name of Subsidiary	CTE Technology Solutions Private Limited (Formerly CTE Web Apps Private Limited)
Shares Divested	10,000 Equity Shares
Face Value	Rs. 10 each
Buyer	Bizserve Technology Investments Pte Limited
Date of Transfer	May 21, 2026

Board Approval and Disclosure

The Board of Directors of Cambridge Technology Enterprises Limited granted approval for this strategic divestment during its meeting held on March 30, 2026. The necessary disclosures regarding this transaction were filed with the stock exchanges in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Pursuant to the completion of this transaction, CTE Technology Solutions Private Limited is no longer a wholly owned subsidiary of the company. The relevant statutory filings have been submitted to the authorities.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+3.51%	+1.50%	+6.41%	-23.19%	-40.67%	-2.63%

Cambridge Technology Enterprises Limited has intimated the stock exchanges of the resignation of Mr. Srinivas Medepalli (DIN: 08727174) from his role as Non-Executive and Independent Director of the Company. The resignation, submitted vide his letter dated May 08, 2026, takes effect from the close of business hours on May 08, 2026, and was tendered on account of personal reasons. The disclosure was made pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and the SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155/2024 dated November 11, 2024.

Resignation Details

The key particulars of the resignation, as disclosed by the Company in compliance with regulatory requirements, are summarised below:

Parameter:	Details
Name of Director:	Mr. Srinivas Medepalli
DIN:	08727174
Designation:	Non-Executive and Independent Director
Reason for Resignation:	Personal reasons
Date of Cessation:	Close of business hours on May 08, 2026
Committee Membership Affected:	Member, Nomination and Remuneration Committee
Confirmation of No Other Material Reasons:	Confirmed by Mr. Srinivas Medepalli

Impact on Board Committees

As a direct consequence of his resignation, Mr. Srinivas Medepalli also ceases to be a member of the Nomination and Remuneration Committee of Cambridge Technology Enterprises. His directorship and committee membership were limited to Cambridge Technology Enterprises Limited at the time of resignation, as disclosed in the regulatory filing.

Board's Acknowledgement

The Board of Directors of the Company has placed on record its sincere appreciation for the valuable contribution and guidance provided by Mr. Srinivas Medepalli during his association with the Company as an Independent Director. Mr. Medepalli, in his resignation letter dated May 06, 2026, signed from Hyderabad, confirmed that there are no other material reasons for his resignation beyond those stated. The Company has indicated that it will complete the necessary filings with the Registrar of Companies as required under the Companies Act, 2013.