Appointment of Pandoo Naig as Cheif Executive Officer of the Company w.e.f. 01.06.2026
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The Board of Directors appointed Mr. Pandoo Naig as Chief Executive Officer effective June 1, 2026. Naig, currently an Executive Director and co-founder of the company, has over 22 years of experience in capital markets and investment banking. He is the son of Mr. Prabhakar Naig, Whole-time Director, making this a family-linked appointment within the promoter group. The meeting also approved Q4 and FY26 audited financial results showing standalone profit of ₹197.61 lakh for Q4 and ₹211.11 lakh for FY26, compared to losses in the previous year. The Board recommended a final dividend of ₹0.01 per share (0.1%) and approved an ESOP plan for up to 18.68 lakh options. A ransomware attack in January 2026 affected data systems, though financial information was reconstructed.
The appointment of a promoter family member as CEO consolidates control but may raise governance questions. The company returned to profit this fiscal year, which is positive for shareholders, though the ransomware incident and pending share warrant conversions warrant monitoring.