NAUKRINSEInfo Edge (India) Limited· Computers - SoftwareHighNegative
Announced Wed, 1 Apr · 13:37 IST

Info Edge (India) Limited has informed the Exchange that Mr. Pawan Goyal, Whole-time Director and Chief Business Officer-Naukri, Key Managerial Personnel of the Company, has tendered his resignation as per his resignation letter dated March 31, 2026. Mr. Goyal will be relieved from his responsibilities effective close of business hours on May 31, 2026.

Kmp ResignedManagement Changes View source PDF

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₹963.90
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AI summary

Info Edge (India) Limited has informed the stock exchanges that Mr. Pawan Goyal, Whole-time Director and Chief Business Officer-Naukri, has resigned as a Key Managerial Personnel. His resignation letter is dated March 31, 2026, and he will be relieved from his role at the close of business hours on May 31, 2026. The Nomination and Remuneration Committee and the Board have taken the resignation on record and appreciated his contributions. In his resignation letter, Mr. Goyal mentioned leading the business for over 7 years, achieving a 16.8% CAGR growth and improving operating PBT margin from 53% to nearly 57%, and stated his desire to pursue other interests.

Likely market impact

The exit of a long-serving senior leader overseeing the flagship Naukri business may raise short-term succession and execution concerns among investors, though the departure is planned with a transition period until end-May 2026. Shareholders will watch closely for clarity on the replacement plan and continuity of the Naukri growth trajectory.