IKOMA Technologies Limited has announced significant changes in its leadership structure following a Board meeting held on April 07, 2026, with the resignation of four key personnel including the Chief Financial Officer and three Independent Directors.

Board Meeting Outcomes and Resignations

The Board of Directors, meeting via video-conferencing on April 07, 2026, approved the resignations of multiple senior personnel. The company has submitted a clarification letter to BSE dated April 09, 2026, addressing queries regarding the Board meeting outcomes.

CFO Resignation Details

Rahul Anandrao Bhargav submitted his resignation from the Chief Financial Officer position with immediate effect, citing personal reasons and inability to devote sufficient time to company affairs. In his resignation letter, Bhargav confirmed no pending dues, disputes, or claims between him and the company, and stated no material reasons beyond those mentioned for his departure.

Independent Directors' Governance Concerns

All three Independent Directors cited similar concerns in their resignation letters, referencing multiple communications sent to the company and Board between November 2025 and March 2026. The directors highlighted issues including:

• Inadequate governance transparency
• Insufficient information flow to Independent Directors
• Concerns regarding statutory compliance
• Issues with Board and Committee minutes circulation
• Legal proceedings under Section 138 of the Negotiable Instruments Act, 1881

Committee Positions Affected

The resignations have impacted multiple Board committees:

Regulatory Compliance and Disclosure

The company acknowledged an inadvertent omission in its initial disclosure, failing to submit the resignation letters of the personnel within prescribed timelines. IKOMA Technologies has now provided these documents to BSE and expressed regret for the delay, assuring strict compliance with applicable provisions and timely filing of requisite documents in future.

The company confirmed that all necessary disclosures under SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015 have been filed, and requested the exchange to update records accordingly. The resignations represent a significant governance challenge for IKOMA Technologies Limited, formerly known as Vuenow Infratech Limited.

IKOMA Technologies Limited successfully conducted its board meeting on April 7, 2026, addressing critical business matters including the approval of unaudited financial results for the quarter ended December 31, 2025, and significant organizational changes. Following the board approval, the company published mandatory newspaper advertisements on April 9, 2026, ensuring compliance with SEBI regulations.

Financial Results and Performance

The board approved the unaudited financial results for the quarter ended December 31, 2025. The company's financial performance shows mixed results across different periods, with the latest quarter reflecting operational challenges.

The financial results were subjected to limited review by the company's statutory auditors, NYS & Company. The company's GST registration status is currently inactive as of the reporting date.

Regulatory Compliance and Publication

Pursuant to Regulation 30 and 47 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the company published newspaper advertisements for its Q3FY26 financial results on April 9, 2026. The advertisements were published in "Active Times" for English language national daily wide circulation and "Mumbai Lakshadweep" in Marathi regional language.

Major Board and Leadership Changes

The company announced extensive changes to its board composition, appointing five new directors across different categories to strengthen corporate governance.

All appointments are effective from April 7, 2026, for one year subject to approval of shareholders in the ensuing extraordinary general meeting.

Key Managerial Personnel Changes

Significant changes were made to the company's key managerial positions. Mr. Kapil Vinod Garg was appointed as Company Secretary and Compliance Officer, while Mr. Sanyog Kumar Rathi was appointed as Chief Financial Officer. These appointments followed the resignation of Mr. Rahul Anandrao Bhargav from his CFO position.

Strategic Initiatives and Compliance Matters

The board discussed fund raising initiatives through various modes including private placement, right issue, qualified institutions placement, or preferential issue, but decided to defer the matter for future consideration. Additionally, the company approved entering into a termsheet with ICM Insurance Brokers Private Limited for a proposed takeover transaction.

The board also noted fines and penalties levied by BSE for certain non-compliances under SEBI regulations and decided to file a waiver application for relaxation of these fines. The meeting concluded with the board approving committee reconstitution and designation of the corporate office, marking a comprehensive organizational restructuring for the company.