DATAMATICSBSEDatamatics Global Services LtdMediumNeutral
Announced Fri, 8 May · 19:03 IST

Appointment of Mr. Hitesh Gajaria (DIN: 10044310) & Mr. Navnit Singh (DIN: 00424875) as Additional Directors (Non- Executive Independent Director).

Management Changes View source PDF

DATAMATICS · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reaction · full curve 14 horizons · vs prior close
-8.5%1-day move
₹811.05
prior close
₹812.10
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-0.3-0.1-0.1-1.2-8.5-8.5-7.6-8.3-8.1-4.3+2.7-7.5+10.2
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AI summary

Datamatics Global Services has appointed two new Independent Directors to its Board effective May 8, 2026. Mr. Hitesh Gajaria is a Chartered Accountant with over 40 years of experience in taxation and transfer pricing, previously a Senior Partner at KPMG India. Mr. Navnit Singh is the Chairman and Regional Managing Director (India) at Korn Ferry with 30+ years in human capital strategy and organizational transformation. Both appointments are for a 5-year term and are subject to shareholder approval through postal ballot. Neither director is related to existing board members, and both are cleared from any capital market restrictions.

Likely market impact

The appointment of two experienced Independent Directors strengthens the board's oversight capabilities and diversity of expertise, particularly in tax/regulatory and human capital domains. This is a positive governance development ahead of the required shareholder vote.