According to an Economic Times report, Financial Technologies today said Chandrakant Kamdar has resigned from its board as director. The company has appointed retired IAS officer A Nagarajan as additional director (non-executive and independent) on the board of the company, it said in a BSE filing.

Nagarajan has worked as Special Chief Secretary and Development Commissioner in Tamil Nadu. Earlier on October 11, FTIL had appointed former FMC Chairman Venkat Chary and retired judge R J Kochar as additional directors on its board, after a series of resignations of top officials in the aftermath of the Rs 5,600 crore payment crisis at its group firm NSEL, the report added.

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