DATAMATICSNSEDatamatics Global Services Limited· Computers - SoftwareMediumNeutral
Announced Fri, 8 May · 19:13 IST

Datamatics Global Services Limited has informed the Exchange regarding Appointment of Mr. Hitesh Gajaria (DIN: 10044310) & Mr. Navnit Singh (DIN: 00424875) as Additional Non- Executive Independent Director of the company w.e.f. May 08, 2026.

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DATAMATICS · price

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Price reaction · full curve 14 horizons · vs prior close
-8.5%1-day move
₹811.05
prior close
₹812.10
base price
After-mkt
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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, a Chartered Accountant with over 40 years of experience in taxation and regulatory consulting (formerly Partner at KPMG India), and Mr. Navnit Singh, Chairman and Regional Managing Director at Korn Ferry India with three decades of human capital and leadership experience, have been appointed as Additional Non-Executive Independent Directors for a term of 5 years. Both appointments are subject to shareholder approval through a postal ballot. Neither director is related to any existing board members, and both are cleared from any SEBI market debarment orders. The appointments follow a Nomination and Remuneration Committee recommendation and strengthen the board's independent oversight.

Likely market impact

The addition of two experienced independent directors enhances board governance and oversight capability. Both bring strong credentials in finance/taxation and human capital/strategy respectively, which could positively signal to investors about board quality and governance standards.