Blue Cloud Softech Solutions Ltd Announces Changes in CFO and Key Managerial Personnel
Blue Cloud Softech Solutions Ltd has announced a transition in its key financial leadership, confirming the resignation of Chief Financial Officer (CFO) and the appointment of a new CFO. The changes were formalized following the company's Board meeting held on June 10, 2026.Mr. Venkata Seshavataram Varada resigned from his position as Chief Financial Officer (CFO) and Key Managerial Personnel (KMP). His resignation was effective from the close of business hours on June 9, 2026. The company cited preoccupation and other personal commitments as the reason for Mr. Varada's departure.
In light of this transition, Blue Cloud Softech Solutions Ltd has appointed Mr. Rama Rao Telli as the new Chief Financial Officer (CFO) and Key Managerial Personnel (KMP). Mr. Telli assumes these responsibilities with effect from June 10, 2026.
New CFO Profile: Rama Rao Telli
Mr. Rama Rao Telli brings extensive experience to the role. He is a qualified Chartered Accountant and possesses over 21 years of experience, specializing in the Banking sector. His expertise covers corporate finance (specifically financing infrastructure and large corporates), Treasury Management, fund mobilization, budgeting, statutory compliance, Corporate Recovery, and Internal Controls.Mr. Telli also has proven skills in conducting feasibility studies, strategic financial planning, risk mitigation, internal audit, taxation, and compliance. He possesses a comprehensive understanding of corporate accounts, Financial Reporting & Accounting Standards (Ind AS), Auditing Guidelines, Commercial Laws, and Labour Legislation. His career began specializing in the banking sector before transitioning into the IT industry.
Key details regarding the appointments and resignations are summarized below:
| Event | Particulars | Details |
|---|---|---|
| Resignation | CFO & KMP (Mr. Venkata Seshavataram Varada) | Resigned effective from June 9, 2026, due to personal commitments. |
| Appointment | CFO & KMP (Mr. Rama Rao Telli) | Appointed effective from June 10, 2026. |
The company confirmed that Mr. Venkata Seshavataram Varada had no material reasons for his resignation apart from the stated personal commitments.
Stock Price Movement
Blue Cloud Softech Solutions Ltd shares closed today at ₹17.75, sinking 2.69% from the previous close. Throughout the trading session, the stock found itself within a range spanning from a low of ₹17.50 to an intraday high of ₹18.48.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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