Management Change26 May 2026, 08:42 pm
Telogica: Allam Appointed MD, Rao Resigns Eff. May 26, 2026
AI Summary
Telogica Ltd (formerly Aishwarya Technologies) announced the appointment of Mr. Sudhakara Reddy Allam as an Additional Director and Managing Director effective May 27, 2026, subject to shareholder approval. Mr. Mandava Srinivasa Rao resigned from the Director and Managing Director positions, effective May 26, 2026. The board meeting was held on May 26, 2026, from 4:00 P.M. to 8:00 P.M.
Key Highlights
- Mr. Sudhakara Reddy Allam appointed as Additional Director and Managing Director effective May 27, 2026.
- Appointment of Allam is subject to shareholder approval at the next general meeting.
- Mr. Mandava Srinivasa Rao resigned as Director and Managing Director effective May 26, 2026.
- Company received confirmation from Rao that there are no material reasons for his resignation.
- Allam holds 60,661 equity shares in the company.
Price Impact
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