Info Edge (India) Limited has informed the Exchange regarding Outcome of Board Meeting held on August 19, 2025.
NAUKRI · price
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On the reaction day the stock moved 1.1 pts more than Nifty Midcap 150 and 0.6 pts more than its Internet & Catalogue Retail peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Info Edge's Whole-time Director & CFO, Mr. Chintan Thakkar, has resigned after nearly 12 years to take up a new role as Group CEO of IAN Group and Senior Managing Partner at IAN Alpha Fund. He will serve his three-month notice period and be relieved on or before November 19, 2025. The company highlighted his contributions to capital market transactions (QIPs), M&A, startup investments (including early bets on Zomato and Policybazaar), and a roughly 18x increase in market capitalisation during his tenure. To ensure continuity, the Board has appointed Mr. Ambarish Raghuvanshi — a co-promoter and Info Edge's former CFO from 2001 to 2014 — as Interim CFO from November 20, 2025, while a permanent successor is identified.
The resignation of a long-tenured CFO of a large-cap company may create short-term uncertainty, but the appointment of a familiar co-promoter and ex-CFO as interim replacement should reassure investors about financial continuity. Watch for updates on the permanent CFO search, as that appointment will be a key catalyst for the stock.