Photon Capital Advisors appointed Rama Kiran Kumar Varma Pothuri as Chief Financial Officer (CFO), effective September 29, 2026. The appointment was approved by the Board of Directors during a meeting held on the same date.

Pothuri is an accomplished finance professional with an MBA specializing in Finance and Marketing. His expertise covers financial management, strategic planning, budgeting, reporting, taxation, internal controls, and regulatory compliance. The disclosure confirms he has no relationship with any Director or Key Managerial Personnel.

Appointment details

The company informed BSE Limited of the outcome of its board meeting held from 4:30 pm to 5:30 pm on September 29, 2026. The appointment aligns with SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026.

Profile and compliance

Pothuri’s profile highlights extensive experience in financial decision-making and regulatory adherence. The appointment was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Ankit Singh, Company Secretary and Compliance Officer, signed the disclosure on behalf of the company.

Photon Capital Advisors Limited has announced a significant corporate action, proposing to sell its entire stake in its associate company, Nicosa Consulting Private Limited. The Board of Directors has approved the disposal of 23,96,000 equity shares, each with a face value of ₹10, subject to shareholder approval.

Key Developments

1. Stake Disposal: The company plans to sell its entire holding in Nicosa Consulting Private Limited.
2. EGM Scheduled: An Extra-Ordinary General Meeting (EGM) is set for December 5, 2025, to seek shareholder approval for the proposed actions.
3. Related Party Transactions: The EGM will also address approval for related party transactions with promoters Mrs. Sobharani Nandury and Ms. Vennela Nandury.
4. Voting Process: Ms. N. Vanitha has been appointed as the scrutinizer for the voting process, with November 28, 2025, set as the cut-off date for voting eligibility.

Details of the Proposed Transaction

Rationale and Use of Proceeds

The company cites the "realization of investment in light of favorable market conditions" as the rationale behind this move. The proceeds from the sale are intended to meet the long-term objectives of the company, although specific details have not been disclosed.

Regulatory Compliance

The proposed transaction complies with Regulation 37A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Shareholder approval will be sought through special resolution for the asset disposal and ordinary resolution for the related party transactions.

Impact on Financials

It's noteworthy that while the associate company contributed 38.36% to Photon Capital Advisors' net worth in the last financial year, it did not contribute to the company's turnover or revenue.

Investors and stakeholders are advised to closely monitor the outcomes of the upcoming EGM, as the proposed actions could significantly impact the company's financial structure and future strategic direction.