CEO Paresh Shah redesignated as Chief Innovation Officer

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₹126.29

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Nifty Microcap 250market · in no size index; the smallest one is used-0.3%-1.1% vs market

IT Enabled Services peers, median of 75sector+0.0%-1.5% vs sector

On the reaction day the stock moved 1.1 pts less than Nifty Microcap 250 and 1.5 pts less than its IT Enabled Services peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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AI summary

Mr. Paresh Shah has ceased to be CEO of Allied Digital Services Ltd effective June 30, 2026, and has been redesignated as Chief Innovation Officer (CINO) from July 01, 2026. He moves from Key Managerial Personnel to Senior Management Personnel. The Board cited evolving business priorities and a focus on innovation for the change. Mr. Shah will lead innovation, research, and strategic transformation, reporting to the Chairman, with a dotted-line reporting relationship to the Joint Managing Director. His other employment terms remain unchanged.

Likely market impact

Continuity at leadership level as Mr. Shah stays with the company, but CEO transition may cause short-term uncertainty until new CEO is named.