Elnet Technologies Limited announced the cessation of Dr. K.P. Karthikeyan as Non-Executive Director cum Chairman, effective October 21, 2026. The change follows the withdrawal of his nomination by the appointing authority.

Electronics Corporation of TamilNadu Limited (ECTNL), the appointing authority, withdrew the nomination of Dr. Karthikeyan and nominated a new director in his place. The proposal for the appointment of the new director will be placed before the Nomination & Remuneration Committee and the Board in due course.

Regulatory Compliance and Timeline

The intimation was submitted pursuant to Regulation 30 read with Para A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The letter from ECTNL dated October 14, 2026, was received by Elnet Technologies on October 21, 2026. Consequently, the effective date of cessation is recorded as October 21, 2026. The company stated that the disclosure was made within 24 hours of receiving information from the Appointing Authority.

Director Details

Governance Context

Dr. Karthikeyan, an I.A.S. officer, served as a nominee director representing Electronics Corporation of TamilNadu Limited. His cessation marks a shift in the board composition driven by the state government entity's decision to replace its representative. No other details regarding the identity of the incoming director were disclosed in this filing.

Elnet Technologies shareholders approved all four ordinary resolutions at its 35th Annual General Meeting held on September 17, 2026. Voting results disclosed on September 18, 2026, show overwhelming support, with over 99% of votes cast in favor across all items.

The company had declared a final dividend of ₹2.0 per equity share for FY26 during the meeting. Members also ratified the adoption of financial statements for the year ended March 31, 2026, and the re-appointment of two directors retiring by rotation.

Voting Results

The scrutinizer, M/s. BP & Associates, reported that all resolutions passed with the requisite majority. Remote e-voting accounted for the vast majority of participation, comprising 99.81% of total votes cast.

Meeting Proceedings

Dr. K.P. Karthikeyan, Chairman and Non-Executive Director, chaired the meeting via video conferencing. The requisite quorum was present to commence proceedings. The Board, senior management, statutory auditors, and secretarial auditors introduced themselves virtually from various locations.

The Chairman confirmed that soft copies of the notice and annual report for FY26 were dispatched electronically to members holding shares in dematerialized mode or with registered email addresses. The Independent Auditors Report and Secretarial Auditors Report contained no qualifications or observations, exempting them from being read out as per the Companies Act, 2013.

Shareholder Engagement

Mrs. Unnamalai Thiagarajan, Managing Director, addressed queries from registered speaker shareholders regarding operations during FY26. Members who had not cast remote e-votes were given a 30-minute window to vote electronically after the conclusion of formal proceedings.

Mr. Gopinath of M/s. BP & Associates served as the scrutinizer for the voting process. Results were disseminated to stock exchanges and uploaded on the company website and CDSL platform.