Cura Technologies Ltd. Appoints New Managing Director, Alters Board Designations
Cura Technologies Ltd. (Scrip Code: 532332, NSE Symbol: CURAA) announced several changes to its Board of Directors on March 27, 2026.Mrs. Sanjana Lagumavarapu has resigned from her position as Managing Director, effective March 27, 2026, and will continue to serve as a Non-Executive Director. Mr. Saraswathula Sivaramakrishna Mohan Babu has been appointed as an Additional Director and Managing Director for a period of 3 years, also effective March 27, 2026, pending approval from shareholders in the upcoming General Meeting.
The Board has approved a loan of up to Rs. 4 Crores to meet immediate working capital needs, secured through unsecured loans from Directors/ NBFC/Inter Corporate Borrowings. Mr. Saraswathula Sivaramakrishna Mohan Babu, Managing Director, is authorized to execute the necessary actions related to this loan.
Furthermore, the Board approved an increase in borrowing limits up to Rs. 25 Crores, subject to shareholder approval. An overall limit of Rs. 10 Crores has been approved under Section 186 of the Companies Act, 2013, for loans/guarantees/securities/investments, also contingent on shareholder approval. The company has also adopted new Articles of Association as per the Companies Act, 2013.
An Extraordinary General Meeting is scheduled for April 24, 2026, to be held through video conference/other audio-visual means.
The Board is reviewing the assets and liabilities of Catalog IT Solutions Private Limited and has requested the previous management to provide relevant financial data.
New Managing Director Profile
Mr. Saraswathula Sivaramakrishna Mohan Babu, aged 68, holds a degree in Commerce and is an Associate Member of the Institute of Company Secretaries of India (ICSI). He has over 30 years of experience in the capital market and is the successful Resolution Applicant and promoter of Cura Technologies Limited. He currently holds 2,44,702 equity shares in the company.
| Particulars | Mr. Saraswathula Sivaramakrishna Mohan Babu | Mrs. Sanjana Lagumavarapu |
|---|---|---|
| Reason for appointment/ resignation | Appointment as Managing Director | Resignation as Managing Director |
| Date of Appointment / Cessation | 27.03.2026 | 27.03.2026 |
| Terms of appointment | 3-year term | N/A |
| Brief profile (in case of appointment) | Experienced Capital Market Professional | N/A |
| Director debarred by SEBI | No | No |
| Relationships with other Directors | Nil | N/A |
| Shareholding in the Company | 2,44,702 equity shares | Nil |
| Name of listed entities in which the resigning Director holds directorship | N/A | Nil |
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