Photon Capital Advisors Announces Board Reshuffle and Auditor Change Following Director Appointments
Photon Capital Advisors Ltd has announced significant changes in its board composition and audit structure following a recent meeting of the Board of Directors. The company approved several key director appointments, confirmed multiple resignations from existing members, reconstituted core board committees, and completed a transition in its statutory auditors.The Board's decisions regarding management appointments and committee structures include:
New Key Appointments
The Board ratified the appointment of five new directors and one Company Secretary, all effective June 25, 2026. The appointees are Mr. Sreeram Reddy Vanga (Chairman & Managing Director), Mr. Venkatareddy Marella (NonExecutive Independent Director), Ms. Arpitha Mettu (Non-Executive Independent Director), Mr. Venkata Rao Nagakanaka Dhanyamraju (Non-Executive Director), and Mrs. Lalitha Palle (Non-Executive Director). Mr. Ankit Singh was appointed as Company Secretary and Compliance Officer, also effective June 25, 2026.| Name | Designation | Date of Appointment |
|---|---|---|
| Sreeram Reddy Vanga | Additional Director (Chairman & Managing Director) | June 25, 2026 |
| Venkatareddy Marella | Additional Director (NonExecutive Independent Director) | June 25, 2026 |
| Arpitha Mettu | Additional Director (Non-Executive Independent Director) | June 25, 2026 |
| Venkata Rao Nagakanaka Dhanyamraju | Additional Director (Non-Executive Director) | June 25, 2026 |
| Lalitha Palle | Additional Director (Non-Executive Director) | June 25, 2026 |
| Ankit Singh | Company Secretary and Compliance Officer | June 25, 2026 |
The Board meeting commenced at 3:30 PM and concluded at 5:30 PM.
Directors Resigning from the Board
Several directors resigned effective June 25, 2026, including Mrs. Sobharani Nandury (Whole-time Director), Mr. Tejaswy Nandury, Mrs. Suchitra Nandury, Mr. V R Shankara, and Mr. Venkata Subash Lingareddy (Independent Director).Committee Reconstitution
The Board approved the reconstitution of three key committees:| Committee | Members | Key Roles |
|---|---|---|
| Audit Committee | Mr. Venkatareddy Marella, Ms. Arpitha Mettu, Mr. Venkata Rao Nagakanaka Dhanyamraju | Mr. Marella serves as Chairman (Non-Executive Independent Director). |
| Nomination & Remuneration Committee | Mr. Venkatareddy Marella, Ms. Lalitha Palle, Mr. Sarath Kumar Jutur | Mr. Marella is the Chairman (Non-Executive Independent Director). |
| Stakeholders Relationship Committee | Mr. Venkata Rao Nagakanaka Dhanyamraju, Ms. Arpitha Mettu, Ms. Lalitha Palle | Mr. Nagakanaka Dhanyamraju chairs the committee. |
Statutory Auditor Change
The company executed a transition in its statutory auditors. M/s M. Anandam & Co., Chartered Accountants tendered their resignation as Statutory Auditors effective closing business hours on June 25, 2026. Based on recommendations from the Audit Committee, M/s SNDJ & Co, Chartered Accountants was appointed to fill the casual vacancy, effective June 26, 2026.Details regarding the resignation and appointment are provided below:
| Detail | Resigning Auditor (M/s M. Anandam & Co.) | Appointed Auditor (M/s SNDJ & Co) |
|---|---|---|
| Reason for Change | Resignation due to strategic realignment and proposed engagement of a different audit firm. | Appointment to fill the casual vacancy resulting from the resignation of M/s M. Anandam & Co. |
| Effective Date | Closing of Business hours on June 25, 2026 | Effective from June 26, 2026 |
| Profile Details | Firm was appointed on September 30, 2022. | SNDJ & Co is a Hyderabad-headquartered firm with over 15 years of experience and expertise in audit, assurance, and corporate structuring. |
The Audit Committee assessed the resignation by noting that M/s Anandam & Co. had not raised any concerns regarding management conduct or information availability, and found no adverse impact on the integrity or reliability of the company's financial statements.
Stock Price Movement
Photon Capital Advisors Ltd. settled at ₹161.10 on Thursday, edging higher after gaining 4.99%. The shares were completely locked at this level throughout the day as the daily high and low remained identical.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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