Clarification on Ethiopia digital infrastructure order, no material impact

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PROTEAN · price

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▲ 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

+4.5%Reaction day

₹615.00

prior close

₹615.30

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+1.3%+3.2% vs market

IT Enabled Services peers, median of 73sector+0.3%+4.2% vs sector

On the reaction day the stock moved 3.2 pts more than Nifty Microcap 250 and 4.2 pts more than its IT Enabled Services 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

-0.3

10m

+0.2

15m

+0.3

30m

+1.4

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+4.5+1.3+3.2+0.3+4.2

Next day

+1.7+0.3+1.4-0.1+1.9

+1.6-0.5+2.1-0.3+2.0

+7.5+2.1+5.4+0.9+6.6

+7.0+3.1+3.9+1.7+5.4

+5.6+2.6+3.0+0.7+4.9

+3.0+0.6+2.4-2.1+5.1

15d

-5.2-1.4-3.8-7.2+2.0

-10.0-6.9-3.1-11.6+1.6

-18.7-7.7-11.0-14.1-4.6

-13.7+7.0-20.7-6.5-7.2

UpDownMarket · Nifty Microcap 250Sector · IT Enabled Services peers, median of 73Pending

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

AI summary

Protean confirms a Rs 25 Crore work order for Digital Public Infrastructure and services for Ethiopia Agriculture Ecosystem, received from IIIT Bangalore on Jan 9, 2026 and already disclosed to the exchange on Jan 10, 2026. The company says the news article has no additional material impact beyond what was earlier shared with the stock exchange.

Likely market impact

Confirms a previously disclosed order; no new material impact for shareholders or the stock price.