Megasoft Limited at the board meeting held on December 10, 2021, approved the Resignation of Mr. G V Kumar as Managing Director, CEO and Director of the Company with effect from 10 December, 2021. Appointment of Mr. Sunil Kumar Kalidindi as an Additional Director (Professional, Executive) & CEO of the Company with effect from 10 December, 2021. Resignation of Mr. Upendar Mekala Reddy as an Independent Director of the Company with 10 December, 2021. For operational continuity, appointment of Mr. G V Kumar as the President of the Company in a professional capacity with effect from 10 December, 2021.