XTGlobal Infotech approves board changes, two directors cease at 38th AGM
- Vuppuluri Sreedevi re-appointed as Whole-time Director for five years
- Jitesh Raghu Mullapudi appointed as Non-Executive Non-Independent Director
- Venkata Madhusudhana Rao Paladugu appointed as Independent Director for five years
- Two directors ceased roles due to completion of tenure
*this image is generated using AI for illustrative purposes only.
XTGlobal Infotech Limited concluded its 38th Annual General Meeting on September 29, 2026, approving key leadership renewals, new director appointments, and the cessation of two existing directors due to completion of their tenures.
The meeting, conducted via video conferencing from the registered office in Hyderabad, saw shareholders adopt the audited standalone and consolidated financial statements for the year ended March 31, 2026. The auditors’ reports contained no qualifications or adverse remarks.
Leadership and Board Changes
Shareholders approved the re-appointment of Vuppuluri Sreedevi as Whole-time Director, designated as Executive Director, for a term of five years commencing from the conclusion of this AGM. She also retired by rotation and was re-appointed as a director.
The board composition was updated with two new appointments and two cessations:
- Jitesh Raghu Mullapudi was appointed as a Non-Executive Non-Independent Director, liable to retire by rotation. He is the son of Managing Director Ramarao Atchuta Mullapudi and holds a degree in business and finance from The University of Texas at Austin.
- Venkata Madhusudhana Rao Paladugu was appointed as an Independent Director for a first term of five consecutive years. He is a Chartered Accountant with experience in finance and accounting.
- Venkata Appala Narasimha Raju Kalidindi ceased to be a director upon completion of his tenure.
- Jagannatha Prasad Malireddy ceased to be a director upon completion of his tenure.
Related Party Transactions
A significant ordinary resolution approved material related party transactions proposed to be entered into during FY2026-27. These transactions involve the company’s subsidiaries, specifically XTGlobal, Inc. and Network Objects, Inc., both based in the USA.
Auditor Reappointment
M/s C. Ramachandram & Co., Chartered Accountants, were re-appointed as Statutory Auditors for a further term of five consecutive years, extending their tenure until the conclusion of the 43rd AGM. The remuneration and terms were set out in the notice circulated to members on September 5, 2026.
Meeting Proceedings
The meeting commenced at 10:00 am and concluded at 10:55 am. A quorum was present through video conferencing mode. The following directors attended:
- Ramarao Atchuta Mullapudi (Managing Director)
- Vuppuluri Sreedevi (Whole-time Director)
- K V A Narasimha Raju (Independent Director, Chairman)
- Jagannatha Prasad Malireddy (Non-Executive Director)
- Srinivasa Raju Kosuri (Non-Executive Director)
Independent Director Saibaba Karuturi was absent due to personal circumstances, with his responsibilities handled by the Chairperson. Voting on all business items was conducted via electronic means in compliance with Section 108 of the Companies Act, 2013.
Historical Stock Returns for Xtglobal Infotech
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +1.80% | -1.93% | -8.49% | +5.37% | -25.85% | -41.44% |
How will the appointment of Jitesh Raghu Mullapudi, the MD's son, influence XTGlobal Infotech's succession planning and long-term strategic direction?
What specific operational synergies or cost efficiencies are expected from the approved material related party transactions with US-based subsidiaries XTGlobal, Inc. and Network Objects, Inc.?
Given the clean audit reports for FY2026, what growth metrics or margin improvements should investors anticipate in the upcoming quarters to justify current valuations?
20
Access Market Heat-map & Insights 
Create, Save & Share your Screener 
Use 200+ Screening Filters 
