Based on recommendation of NRC, board approved change in designation of Mr. Ambrish Deshpande from Chief Operating Officer (COO) to Chief Operating Officer/Chief Revenue Officer (COO/CRO) ....
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On January 22, 2026, Meta Infotech's board approved changing Mr. Ambrish Deshpande's designation from Chief Operating Officer (COO) to Chief Operating Officer/Chief Revenue Officer (COO/CRO), reflecting the company's focus on revenue growth. Mr. Deshpande, originally appointed on October 6, 2025, brings over 31 years of leadership experience, including 25+ years in cybersecurity and global roles across Singapore and the USA. The board also approved amending the Articles of Association to insert Clause 41 enabling ESOP (Employee Stock Option Plan) schemes, pending shareholder approval via postal ballot or EOGM. Additionally, GYR Capital Advisors Private Limited was appointed as a SEBI-registered Merchant Banker.
The expanded COO/CRO role signals a stronger revenue-growth mandate at the leadership level, which could be positive for investors if execution translates to top-line improvement. The proposed ESOP amendment indicates upcoming employee incentive plans, which may dilute existing shareholders slightly if implemented but could help retain talent. The merchant banker appointment suggests the company is gearing up for a potential fundraising or strategic transaction.