EL CID Investments Ltd — Updates, 23-05-2025: Company Update

Elcid Investments Limited has announced a board meeting on which key management changes were approved. Ms. Amrita Vakil has been appointed Whole-Time Director, transitioning from her previous role as Non-Executive Director, to drive the family business with her expertise in financial and capital markets. Ms. Margarette Shwetha Thomas, a seasoned banking and financial services professional, joins as an Independent Non-Executive Director for five years. Mrs. Ragini Vakil resigned as CEO due to professional reasons but continues as CFO and has been appointed Executive Director until the next AGM. These leadership updates underscore a strategic focus on strengthening the company’s governance and operational leadership.