Announced Tue, 4 Aug · 23:27 IST

Edvenswa Enterprises appoints Krishna Mohan Adalath as CEO; Q1 results declared

Ceo Appointed ExternalManagement Changes View source PDFExplain this filing

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AI summary

Board of Edvenswa Enterprises approved the appointment of Krishna Mohan Adalath as CEO effective August 4, 2026. He brings over two decades of experience in enterprise technology, ERP, and cloud platforms. The board also approved Q1 FY27 results. Standalone revenue fell to Rs 107.45 lakhs from Rs 165.50 lakhs year on year, with profit after tax at Rs 16.47 lakhs versus Rs 20.84 lakhs. Consolidated revenue dropped to Rs 3,624 lakhs from Rs 4,043 lakhs year on year, and profit after tax declined sharply to Rs 45.42 lakhs from Rs 439.56 lakhs.

Likely market impact

New CEO brings tech leadership, though consolidated profit fell sharply year on year in Q1, which may weigh on investor sentiment.