Cambridge Technology Enterprises Limited has completed the divestment of its wholly-owned subsidiary R.P. Web Apps Private Limited on April 06, 2026, while continuing with the postal ballot process for director appointment that was initiated following earlier board decisions regarding subsidiary divestments and key managerial personnel changes.

Subsidiary Divestment Completion

The company successfully completed the transfer of 60,880 equity shares of R.P. Web Apps Private Limited to AKIT IT Consulting Private Limited on April 06, 2026. This transaction was originally approved by the Board of Directors at their meeting held on March 30, 2026.

R.P. Web Apps Private Limited had contributed INR 4,84,84,150.00 (2.40% of turnover) and INR 2,98,31,200.00 (4.90% of net worth) during the last financial year. The transaction was disclosed under Regulation 30 of SEBI Listing Regulations and SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155/2024 dated November 11, 2024.

Ongoing Postal Ballot Process for Director Appointment

The company's postal ballot notice for Mr. Raj Kumar Sehgal's appointment as Whole-Time Director remains active, with remote e-voting currently underway. The notice seeks approval for changing his designation from Non-Executive, Non-Independent Director to Whole-Time Director for a five-year term.

Remaining Corporate Restructuring Activities

The Board meeting of March 30, 2026, had approved divestment of two wholly-owned subsidiaries. While R.P. Web Apps Private Limited divestment is now complete, the second subsidiary divestment remains pending.

CTE Technology Solutions Private Limited had a smaller contribution with INR 1,41,206.18 (0.007% of turnover) and INR 1,00,000.00 (0.016% of net worth) during the last financial year.

Director Appointment Details and Key Personnel Changes

Mr. Raj Kumar Sehgal, currently serving as Non-Executive, Non-Independent Director since June 2025, will receive a total annual remuneration of Rs. 42,00,000.00 as Whole-Time Director and Chief Financial Officer upon shareholder approval.

The company also experienced a key managerial personnel change when Mr. Sreenivasa Sastry Tumuluru, who was appointed as Manager (KMP) for a five-year term effective November 14, 2025, ceased to be the Manager (KMP) with effect from March 30, 2026, due to his unwillingness to continue in the position.

Regulatory Compliance and Voting Process

The company has engaged National Securities Depository Limited (NSDL) for facilitating remote e-voting. Shareholders holding equity shares as on the cut-off date of March 27, 2026, are entitled to vote through the remote e-voting process, with voting rights proportionate to their shareholding in the paid-up equity share capital.

Cambridge Technology Enterprises Limited has announced a significant increase in promoter shareholding, with Cloud Computing LLC acquiring additional equity shares worth ₹2.22 crore. The transaction demonstrates continued confidence from the company's key stakeholder in its business prospects and growth trajectory.

Transaction Details

Cloud Computing LLC completed the acquisition of 9.50 lakh equity shares through an off-market transaction on March 25, 2026. The purchase was executed at a total value of ₹2.22 crore, representing a strategic investment by the promoter entity.

Shareholding Changes

The acquisition resulted in a substantial increase in Cloud Computing LLC's ownership stake in Cambridge Technology Enterprises. The promoter's shareholding pattern shows a clear upward trajectory following this transaction.

Regulatory Compliance

The transaction was disclosed in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015, specifically under Regulation 7(2) read with Regulation 6(2). The formal disclosure was submitted to both BSE and NSE on March 27, 2026, with proper documentation and authorized signatory approval by Priyanka Chugh, Company Secretary & Compliance Officer.

Company Information

Cambridge Technology Enterprises Limited maintains its corporate office at Capital Park, Madhapur, Hyderabad. The company's equity shares are listed on both National Stock Exchange of India and BSE Limited, with trading under the symbols CTE and scrip code 532801 respectively.

Promoter Information

Cloud Computing LLC operates from One Main Street, Suite 530, Cambridge, USA and serves as the promoter of Cambridge Technology Enterprises Limited. The entity executed the transaction through its authorized signatory Raj Kumar Sehgal, with the documentation completed on March 26, 2026.

The disclosure confirms no derivative trading activities were undertaken as part of this transaction, with the focus remaining solely on equity share acquisition. This strategic move by the promoter reinforces their long-term commitment to Cambridge Technology Enterprises' business operations and future growth initiatives.