MD and CEO resigns; current CFO Avadhut Ketkar named new MD and CEO

Ceo ResignedCfo ResignedKmp ResignedManagement Changes View source PDF Explain this filing

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Price reactionminutes from the announcement price · days from the prior close

-0.0%Reaction day

₹10790.00

prior close

₹11299.00

announcement price

After-mkt

timing

Nifty Midcap 150market-1.0%+0.9% vs market

Software Products peers, median of 38sector-0.4%+0.4% vs sector

On the reaction day the stock moved 0.9 pts more than Nifty Midcap 150 and 0.4 pts more than its Software Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

-0.9

10m

-1.8

15m

-2.7

30m

-6.2

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-0.0-1.0+0.9-0.4+0.4

Next day

-1.8-1.0-0.7-0.3-1.4

+2.9+0.0+2.8-0.8+3.6

+4.9+0.0+4.9-0.6+5.5

+5.6+0.9+4.8-1.1+6.8

+3.4+0.5+2.9-1.0+4.4

+5.0+2.2+2.9-0.7+5.7

15d

+5.8+2.7+3.2-0.4+6.3

+6.6+2.2+4.4-2.0+8.5

+0.5+0.0+0.4-2.2+2.6

-10.3-10.2-0.1-13.4+3.0

UpDownMarket · Nifty Midcap 150Sector · Software Products peers, median of 38Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Board approved MD and CEO Makarand Padalkar's resignation effective end of day July 23, 2026. Current CFO Avadhut Ketkar appointed new MD and CEO for 3 years from July 24. Manish Bhandari named new CFO. Andrew Morawski joins as Non-Executive Director. Q1 FY27 standalone net profit jumped to 1,363.6 crore from 1,111.1 crore, lifted by a one-time 935.3 crore software licensing deal with an existing customer.

Likely market impact

Top leadership transition with smooth internal handover. Strong Q1 profit driven by a one-time deal, sustainability in focus going forward.