Paresh Shah re-designated from CEO to Chief Innovation Officer

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Price reactionminutes from the announcement price · days from the prior close

-1.5%Reaction day

₹126.29

prior close

₹126.16

announcement price

After-mkt

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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.

Minutes after the announcementfrom the announcement price · no benchmark

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Sessions after the filingfrom the prior close

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Reaction day

-1.5-0.3-1.1+0.0-1.5

Next day

-2.4-0.1-2.3-0.5-1.9

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15d

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-16.9+3.5-20.3-3.2-13.7

-16.5+2.0-18.5-5.6-10.9

UpDownMarket · Nifty Microcap 250Sector · IT Enabled Services peers, median of 75Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Paresh Shah ceased as CEO of Allied Digital Services effective June 30, 2026 and was re-designated as Chief Innovation Officer (CINO) from July 01, 2026. The Board approved the change on June 18, 2026 citing evolving business priorities and focus on innovation. He continues in senior leadership, reporting to the Chairman with dotted-line to the Joint Managing Director.

Likely market impact

Internal re-designation, not a resignation. CEO role needs a successor; continuity preserved as Shah stays in senior leadership focused on innovation.