OFSS: CEO Padalkar resigns, CFO Ketkar named new MD & CEO; Q1 results strong

Ceo ResignedKmp ResignedManagement Changes View source PDF Explain this filing

OFSS · price

Loading chart…

▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

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 Q1 FY27 results. Standalone revenue Rs 25,669M (up from Rs 15,663M), net profit Rs 13,636M vs Rs 11,111M. CEO Makarand Padalkar resigns effective end of July 23, 2026. Current CFO Avadhut Ketkar appointed new MD & CEO for 3 years. Manish Bhandari named new CFO.

Likely market impact

Smooth internal succession. Padalkar stays briefly for handover. Q1 results sharply higher year-on-year.