Cambridge Technology Enterprises Announces Key Leadership Changes and ESOP Re-grant

Cambridge Technology Enterprises Limited (CTE) has made significant announcements regarding its leadership structure and employee stock option plans. The company's board of directors approved several key decisions during a meeting held on November 14, 2025.

Leadership Appointments

CTE has strengthened its executive team with two important appointments:

Mr. Dharani Swaroop Raghurama, currently serving as a Whole Time Director, has been appointed as the Chief Financial Officer (CFO) of the company, effective November 14, 2025. Mr. Raghurama brings over 35 years of experience in IT Services and Corporate Strategic Planning to this role.
Mr. Sreenivasa Sastry Tumuluru has been appointed as the Manager of the company for a five-year term, also effective from November 14, 2025. Mr. Tumuluru holds an MBA and possesses more than 30 years of experience in Finance and Accounts.

Employee Stock Option Plan (ESOP) Re-grant

The Nomination and Remuneration Committee has approved the re-grant of stock options under the company's existing Employee Stock Option Schemes of 2011 and 2015. Key details of the re-grant include:

Number of equity shares: 3,00,000
Issue/exercise price: Rs. 40.50 per share
Total value: Rs. 1,21,50,000

This re-grant will not affect the company's paid-up share capital, as the shares will be issued from the existing pool held by the ESOP Trust.

Financial Results and Borrowings

The board has approved the unaudited financial results for the quarter and half-year ended September 30, 2025. Additionally, the company ratified borrowings made during the quarter ended September 30, 2025, totaling Rs. 209.00 million. The borrowings are as follows:

Lender	Amount (in millions)	Interest Rate	Tenure
Karur Vysya Bank (Term Loan)	150.00	9.75%	15 years
Karur Vysya Bank (Drop down OD Facility)	44.00	9.75%	15 years
Karur Vysya Bank	5.00	13%	3 years
Connect One Finserve India Pvt Ltd.	10.00	28%	3 years

These borrowings were utilized to repay a Foreign Currency Term Loan from HDFC Bank Limited.

The company's board meeting, which started at 3:00 PM, concluded at 5:30 PM on the same day.

These strategic decisions and financial maneuvers indicate that Cambridge Technology Enterprises is positioning itself for future growth and operational efficiency. The leadership changes may bring fresh perspectives to the company's financial management and overall operations.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-1.70%	-4.77%	-3.07%	+11.41%	-43.22%	+55.43%

Cambridge Technology Enterprises Limited (CTE), a leading technology company, has strengthened its corporate governance structure with two key appointments approved at its 26th Annual General Meeting (AGM) held on September 15, 2025. The shareholders gave their nod to the appointment of Mr. Raj Kumar Sehgal as a Non-Executive, Non-Independent Director and M/s. Kashinath Sahu & Co. as the company's Secretarial Auditor.

New Non-Executive Director Brings Wealth of Experience

Mr. Raj Kumar Sehgal, whose appointment as Non-Executive, Non-Independent Director was effective from June 15, 2025, brings over 25 years of extensive experience to the CTE board. His expertise spans various crucial areas including corporate law, finance, taxation, mergers and acquisitions, and capital markets.

Sehgal's impressive credentials include:

A Bachelor of Science degree in Industrial Chemistry
A Law degree
Fellow Membership of the Institute of Company Secretaries of India

Currently serving as a senior partner at RKS & Associates, Sehgal heads the team responsible for corporate law compliance, mergers, takeovers, joint ventures, and corporate restructuring. His appointment is expected to provide valuable insights and strategic direction to CTE's business operations.

Secretarial Auditor Appointed for Five-Year Term

In addition to the directorial appointment, the shareholders approved the appointment of M/s. Kashinath Sahu & Co., Practicing Company Secretaries, as the Secretarial Auditor for CTE. This appointment is for a term of five consecutive financial years, spanning from 2025-26 through 2029-30.

The firm's proprietor, Kashinath Sahu, brings to the table:

Over 29 years of post-qualification experience
35 years of overall professional experience
Expertise in corporate legal and secretarial matters
Specialization in public and rights issues, mergers and acquisitions, and corporate restructuring

Strengthening Corporate Governance

These appointments underscore CTE's commitment to robust corporate governance and compliance. The company's regulatory filing stated that both appointments were approved through ordinary resolutions passed with the requisite majority at the AGM.

Priyanka Chugh, Company Secretary & Compliance Officer of Cambridge Technology Enterprises Limited, confirmed these appointments in a communication to the stock exchanges.

These strategic appointments are expected to further enhance CTE's corporate governance framework and provide valuable expertise to guide the company's future growth and compliance efforts.