MD and CEO Suresh Sethi resigns; COO V Easwaran named interim CEO from April 1

Ceo ResignedKmp ResignedManagement Changes View source PDF Explain this filing

PROTEAN · price

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

-2.8%Reaction day

₹703.75

prior close

₹693.00

announcement price

After-mkt

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Nifty Microcap 250market · in no size index; the smallest one is used-1.3%-1.5% vs market

IT Enabled Services peers, median of 75sector-1.5%-1.3% vs sector

On the reaction day the stock moved 1.5 pts less than Nifty Microcap 250 and 1.3 pts less 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

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Sessions after the filingfrom the prior close

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Reaction day

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Next day

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

AI summary

MD and CEO Mr. Suresh Sethi resigned on January 16, 2026 to pursue other interests. His last working day is March 31, 2026. He led Protean through its public listing and rebranding as a digital public infrastructure company. Mr. V Easwaran, current Executive Director and COO with 30 plus years in banking, will take over as Interim CEO from April 1, 2026.

Likely market impact

Planned leadership transition with internal successor should provide continuity. Resignation was pre-discussed, suggesting smooth handover.