Cambridge Technology Enterprises Limited has issued an official postal ballot notice to stock exchanges seeking shareholder approval for Mr. Raj Kumar Sehgal's appointment as Whole-Time Director, following earlier board decisions regarding subsidiary divestments and key managerial personnel changes.

Official Postal Ballot Notice Details

The company submitted the postal ballot notice to BSE Limited and National Stock Exchange of India Limited under Regulation 30 of SEBI Listing Regulations. The notice seeks approval for changing Mr. Raj Kumar Sehgal's designation from Non-Executive, Non-Independent Director to Whole-Time Director for a five-year term.

Board Meeting Outcomes and Corporate Restructuring

The Board meeting held on March 30, 2026, approved significant corporate restructuring decisions including complete divestment of two wholly-owned subsidiaries. Both subsidiaries will cease to be wholly-owned subsidiaries upon completion of share transfers.

R.P. Web Apps Private Limited 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. 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).

Director Appointment and Remuneration Structure

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. The appointment requires special resolution approval under the Companies Act, 2013.

Key Managerial Personnel Changes

Mr. Sreenivasa Sastry Tumuluru, who was appointed as Manager (KMP) for a five-year term effective November 14, 2025, expressed his unwillingness to continue in the position and ceased to be the Manager (KMP) with effect from March 30, 2026.

Regulatory Compliance and E-voting Process

The company has engaged National Securities Depository Limited (NSDL) for facilitating remote e-voting. The postal ballot notice has been sent electronically to shareholders whose email addresses are registered with the company, depositories, or Registrar and Transfer Agent Aarthi Consultants Private Limited.

Shareholders holding equity shares as on the cut-off date of March 27, 2026, are entitled to vote through the remote e-voting process. The voting rights will be proportionate to their shareholding in the paid-up equity share capital.

Transaction Compliance Details

The company confirmed that neither divestment transaction falls within related party transactions, and both buyers are unrelated to the promoter/promoter group. All decisions have been taken in compliance with SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155/2024 dated November 11, 2024, and other applicable regulations.

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.