Centum Electronics Limited has strengthened its board leadership with the appointment of Mr. Apurva Chandra as Additional Director in the capacity of Non-Executive Independent Director. The appointment, effective December 19, 2025, marks a significant addition to the company's governance structure.

Board Appointment Details

The Board of Directors approved Mr. Chandra's appointment based on the recommendation of the Nomination and Remuneration Committee. The appointment is structured for a five-year term, subject to approval by the company's shareholders.

Professional Background and Experience

Mr. Apurva Chandra brings extensive experience as a distinguished senior Indian Administrative Service (IAS) officer of the 1988 Maharashtra cadre, with over 36 years of experience in public administration and policy formulation. He superannuated from service on September 30, 2024.

During his distinguished career, Mr. Chandra held several senior leadership positions in the Government of India, including:

• Secretary in the Ministry of Health & Family Welfare
• Secretary in the Ministry of Information & Broadcasting
• Secretary in the Ministry of Labour & Employment
• Director General (Acquisition) in the Ministry of Defence
• Principal Secretary (Industries) in the Government of Maharashtra

He has also represented India on international forums, including the International Labour Organization (ILO).

Current Board Positions and Corporate Experience

Mr. Chandra has served on the boards of leading public sector undertakings including GAIL (India) Limited, Petronet LNG Limited, and the Maharashtra Industrial Development Corporation (MIDC). He currently serves on the boards of several companies including IL&FS Limited, Sudarshan Chemicals Limited, and CEAT Limited.

Educational Qualifications

An alumnus of IIT Delhi, Mr. Chandra holds comprehensive academic credentials:

• Bachelor's degree in Civil Engineering
• Master's degree in Structural Engineering
• Diploma in Business Finance
• Accountancy Certificate from the London School of Economics

Regulatory Compliance

The company has confirmed that Mr. Chandra is not related to any of the Directors, Key Managerial Personnel, or Promoters of the Company. Additionally, he is not debarred from holding the office of director pursuant to any SEBI order or any such authority, ensuring full compliance with regulatory requirements.

Centum Electronics has announced the discontinuation of operations of two fourth-level subsidiary entities in Canada, marking a strategic exit from loss-making international ventures. The Board of Directors approved this decision, following persistent financial challenges in the Canadian market.

Subsidiaries Being Discontinued

The company will cease operations of two Canadian entities that have been consistently underperforming:

Both entities operate as fourth-level subsidiaries of Centum Electronics Limited and are based in Canada.

Financial Impact and Timeline

The decision comes after years of financial underperformance from these Canadian operations. The company has disclosed that these businesses have been consistently loss-making, accumulating significant losses over several years.

Strategic Implications

This move represents a strategic restructuring decision by Centum Electronics to streamline its operations and focus resources on profitable ventures. By discontinuing these loss-making Canadian subsidiaries, the company aims to reduce operational drag and improve overall financial performance. The closure is expected to be completed before March 2026, allowing the company to redirect its focus toward more viable business opportunities.

Centum Electronics' decision to shut down its Canadian operations reflects the company's commitment to addressing persistent financial challenges and optimizing its global presence. As the company moves forward with this strategic realignment, stakeholders will be watching closely to see how this decision impacts Centum Electronics' overall performance and future growth prospects.