1. Based on approval of Nomination & Remuneration Committee, the Board approved the change in designation of Mr. Ambrish Deshpande from Chief Operating Officer (COO) to Chief Operating ....
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Meta Infotech's board, at its January 22, 2026 meeting, approved three key items. First, it redesignated Mr. Ambrish Deshpande from Chief Operating Officer (COO) to COO/Chief Revenue Officer (COO/CRO) as a Key Managerial Personnel, reflecting a sharper focus on revenue growth. Mr. Deshpande was originally appointed on October 6, 2025 and brings over 31 years of experience, including 25+ years in cybersecurity and global leadership stints in Singapore and the USA. Second, the board approved amending the Articles of Association to insert Clause 41 enabling ESOP (Employee Stock Option) schemes, which will require shareholder approval via postal ballot or EOGM. Third, the board appointed GYR Capital Advisors Private Limited as a SEBI-registered Merchant Banker.
The ESOP amendment signals that the company is laying the groundwork to launch employee stock options, which could dilute existing shareholders if exercised but is generally aimed at retaining talent. The COO/CRO redesignation points to a stronger emphasis on driving top-line growth, which shareholders may view as a positive strategic signal.