Revised Resignation of CEO from the Company due to personal reasons
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Octaware Technologies Ltd has informed BSE that Mr. Anwer Hussien Bagdadi, Chief Executive Officer and Key Managerial Personnel of the company, has resigned from his post. The resignation takes effect from the close of business hours on October 10, 2025. The company stated there are no material reasons behind his departure and placed on record its appreciation for his services. This is a revised intimation submitted on October 13, 2025, replacing the earlier disclosure dated October 10, 2025. The company has not yet announced a successor for the CEO role.
The sudden exit of the CEO with no disclosed material reason may raise short-term governance concerns among investors. However, no material reasons were flagged, and the company has acknowledged his contribution, suggesting an amicable separation.