Announced Wed, 22 Jul · 18:37 IST
MD and CEO resigns; current CFO Avadhut Ketkar named new MD and CEO
OFSS · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
-1.8%1-day move
₹10790.00
prior close
₹11299.00
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-0.9-1.8-2.7-6.2-1.8+2.9————————
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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.