OFSS Q1 FY27: MD and CEO resigns, CFO Ketkar to take over

Board & Shareholder Meetings View source PDF

OFSS · price

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▲ 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

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After-mkt

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AI summary

OFSS board approved Q1 FY27 results and leadership changes. Mr. Makarand Padalkar resigned as MD and CEO effective July 23, 2026; CFO Avadhut Ketkar will replace him from July 24, 2026. Manish Bhandari named new CFO. Standalone revenue rose to 25,669 million (vs 15,663 in Q4 FY26) and net profit to 13,636 million, boosted by a one-time license deal of 9,353 million from an existing customer. EPS stood at 156.63. Consolidated net profit was 14,155 million.

Likely market impact

Strong Q1 aided by one-time license deal of 9,353 million may not repeat. MD and CEO transition is key; Ketkar is a long-time insider.