Photon Capital Advisors Ltd — Important, 25-06-2026: Company Update

The company's Board has approved a major leadership and governance revamp. Five new directors, including Mr. Sreeram Reddy Vanga as Chairman & Managing Director, were appointed, pending shareholder approval. This follows the resignation of five previous directors, citing a recent change in company control and the new promoter's board reconstitution. Committees (Audit, Nomination & Remuneration, Stakeholders Relationship) were also reconstituted. M/s M. Anandam & Co. resigned as Statutory Auditors, replaced by M/s. SNDJ & Co., subject to shareholder consent. The outgoing auditor cited management preference for a new firm, confirming no disagreements, but declined the quarter-end review.