Sreedhar Babu Kanuri has resigned as the Chief Financial Officer of Photon Capital Advisors Ltd effective June 30, 2026, following recent changes in the control of the company. The Board of Directors accepted the resignation, which was tendered due to the incoming leadership's shift. Kanuri assured the company of full cooperation during the transition period to ensure a smooth handover of responsibilities.

The disclosure was made under Regulation 30 read with Schedule III – Para A of Part A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This regulation mandates detailed reporting regarding key managerial personnel changes. The company also referenced the SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026, in its filing to the exchange.

Key Details of Resignation

The following table outlines the specific particulars regarding the cessation of the CFO's role:

In his resignation letter, Kanuri expressed gratitude to the Board, management, and colleagues for their support during his tenure. He stated that he could no longer continue in his role due to the altered control structure of the entity. The company has not yet announced a successor for the position.

Photon Capital Advisors Ltd has reclassified its Promoter and Promoter Group to the Public Category following an open offer, with Sreeram Reddy Vanga acquiring control of the company effective June 25, 2026. Consequently, the Board of Directors was reconstituted, and the statutory auditor was replaced to align with the new management's strategic vision. The reclassification and leadership changes were disclosed to BSE Limited under Regulation 30 and Regulation 31A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The Board appointed Mr. Sreeram Reddy Vanga as Chairman & Managing Director for three years. Mr. Venkatareddy Marella and Ms. Arpitha Mettu were appointed as Non-Executive Independent Directors for a term of five consecutive years. Mr. Venkata Rao Nagakanaka Dhanyamraju and Mrs. Lalitha Palle were appointed as Non-Executive Directors, while Mr. Ankit Singh was appointed as Company Secretary and Compliance Officer. All appointments are based on the recommendation of the Nomination and Remuneration Committee and are subject to shareholder approval.

Five directors resigned from their positions effective June 25, 2026, due to the change in control and proposed Board reconstitution. Mrs. Sobharani Nandury (Whole-time Director), Mr. Tejaswy Nandury, Mrs. Suchitra Nandury, and Mr. V R Shankara resigned as Directors. Mr. Venkata Subash Lingareddy resigned as Independent Director. The outgoing promoters, including Sobha Rani Nanduri and Vennela Nandury, have reclassified to the Public Category and no longer hold key managerial positions or directorships.

In a significant shift in statutory oversight, the Board accepted the resignation of M/s M. Anandam & Co as Statutory Auditors effective the close of business hours on June 25, 2026. To fill the casual vacancy, the Board appointed M/s SNDJ & Co as the new Statutory Auditors effective June 26, 2026, subject to shareholder approval at the ensuing Annual General Meeting. The Audit Committee noted that the outgoing auditor did not raise concerns regarding management conduct but declined to conduct the Limited Review for the quarter ending June 30, 2026, as their resignation preceded the quarter's end.

Promoter Reclassification Details

New Promoter Holding

Statutory Auditor Change