Cura Technologies Limited announced significant corporate changes following its board meeting held on 27.03.2026, as communicated to BSE Limited and National Stock Exchange of India Limited under Regulation 30 compliance. The meeting, conducted at the company's registered office at 4:30 p.m., concluded several important resolutions that will shape the organization's future direction.

Leadership Transition

The most notable change involves the company's top management structure. Mrs. Sanjana Lagumavarapu stepped down from her role as Managing Director, transitioning to a Non-Executive Director position effective 27.03.2026. In her resignation letter, she cited other professional commitments that would prevent her from managing the company on a full-time basis.

New Managing Director Profile

Mr. Saraswathula Sivaramakrishna Mohan Babu, aged 68 years, brings extensive experience to his new role. He is a Commerce graduate and Associate Member of the Institute of Company Secretaries of India (ICSI). His professional background spans over 30 years in the capital market, including expertise in IPOs, Private Equity, Trading in Bonds (Government and Non-Government), and Retail Debt segment operations as both a Merchant Banker and Practicing Company Secretary. He serves as the successful Resolution Applicant and promoter of Cura Technologies Limited.

Financial Authorizations

The board approved several significant financial measures to support the company's operational requirements:

The newly appointed Managing Director has been authorized to take all necessary actions regarding the ₹4.00 crores loan facility, which may be sourced from Directors, NBFCs, or through Inter Corporate Borrowings.

Corporate Governance Updates

The board addressed several governance matters, including the adoption of new Articles of Association in compliance with the Companies Act, 2013. An Extraordinary General Meeting has been scheduled for 24.04.2026, to be conducted through Video Conference/Other Audio-Visual Means (OVAM), where members will vote on the proposed borrowing limits increase and Section 186 authorizations.

Asset Review Status

The board reviewed the status of Assets and Liabilities of Catalog IT Solutions Private Limited (Transferor Company) and has requested the erstwhile management to provide relevant financial data to determine appropriate future actions. The board meeting concluded at 6:10 p.m., with all resolutions requiring member approval subject to the upcoming Extraordinary General Meeting.

Cura Technologies Limited has announced that promoter Boosa Ramreddy sold 5,000 equity shares through an open market transaction on 09.03.2026. The disclosure was made under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

Transaction Details

The share sale resulted in a marginal reduction in Boosa Ramreddy's individual shareholding in the company. His holding decreased from 7,18,000 shares to 7,13,000 shares, representing a change from 7.25% to 7.20% of the total share capital.

Promoter Group Holdings

The promoter group includes Boosa Ramreddy along with Persons Acting in Concert (PAC). The combined promoter group holding experienced a slight decrease following the transaction.

Company Share Capital Structure

Cura Technologies Limited maintains its equity share capital structure unchanged following the transaction. The company's total equity share capital remains at Rs. 9,90,00,000, divided into 99,00,000 equity shares of Rs. 10 each.

Regulatory Compliance

The transaction was conducted in full compliance with SEBI regulations. The disclosure was filed with both BSE Limited and National Stock Exchange of India Limited, where the company's shares are listed. The sale represents 0.05% of the total share capital and was executed through open market operations.

The promoter group continues to maintain a substantial majority stake in Cura Technologies Limited despite the marginal reduction in shareholding. No encumbrances, voting rights other than equity shares, or convertible securities were involved in this transaction.