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

Elcid Investments has announced a board meeting to approve key management changes. Ms. Amrita Vakil has been appointed Whole-Time Director, transitioning from her earlier Non-Executive Director role, bringing HR and financial market experience and family business continuity. Ms. Margarette Shwetha Thomas joins as a Non-Executive Independent Director, adding over 18 years of leadership in banking and financial services. Mrs. Ragini Vakil resigned as CEO but continues as CFO and has been appointed Executive Director, maintaining a strategic leadership role. These moves strengthen the company’s governance and management depth, aligning with growth and operational stability.