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Vadilal independent director and chairman Shivakumar Dega steps down
Resignation takes effect immediately, filing made on 18 February
GUJARAT: Vadilal Industries has reported the immediate resignation of Shivakumar Dega from his role as independent director and chairman, marking a board-level leadership change at the ice cream and frozen dessert manufacturer.
The resignation was tendered on 17 February, 2026, with immediate effect, the company said in a regulatory filing made to stock exchanges a day later. Vadilal Industries disclosed the development in line with its obligations under Securities and Exchange Board of India’s Listing Obligations and Disclosure Requirements.
The company stated that the disclosure was made under Regulation 30(6) of the Sebi LODR Regulations, 2015, which requires listed entities to promptly inform the market of material events, including changes in board composition.
Vadilal Industries also said that additional disclosures required under sub-clause 7(B) of Clause A, Part A of Schedule III of the regulations would be filed separately within the prescribed timeline.
The filing was signed by company secretary Rashmi Bhatt, confirming compliance with applicable corporate governance and disclosure norms.
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FSS names Anand Krishnamurthi head of global digital delivery
Tech veteran to drive AI-first, cloud-led transformation in payments globally
CHENNAI: Financial Software and Systems (FSS), an AI-first payment infrastructure company, has appointed Anand Krishnamurthi as head of global digital delivery.
In his new role, Anand Krishnamurthi will lead FSS’s global digital delivery capabilities, focusing on AI-first and cloud-led transformation while ensuring predictable, high-quality outcomes for customers worldwide. He will be based in Chennai and report to V. Balasubramanian, CEO of FSS.
Bringing 28 years of experience in technology and digital transformation across banking, capital markets, financial services, and insurance, Anand has held senior leadership positions at Cognizant and NuSummit. He is recognised for scaling multi-geography delivery teams, leading mission-critical platforms, and embedding AI-driven automation in complex, regulated environments.
“What drew me to FSS is its deep payments expertise, strong product DNA, and the scale at which its platforms power real-world financial ecosystems,” said Anand Krishnamurthi. “I aim to strengthen delivery predictability, execution rigor, and engineering quality, building empowered teams that deliver measurable customer outcomes. FSS has a unique opportunity to create real-time, AI-infused payments infrastructure that is resilient, secure, and globally scalable.”
V. Balasubramanian added, “Anand’s track record in leading multi-geography delivery programs and AI-first operating models makes him the ideal leader for FSS as we accelerate our AI-driven digital payments business. His leadership will help us raise the bar for outcomes globally.”
This appointment is part of FSS’s broader push to build an AI-powered, cloud-native delivery organisation capable of meeting the evolving needs of banks, fintechs, and financial institutions worldwide.
