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

Ceo ResignedKmp ResignedManagement Changes View source PDF Explain this filing

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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.

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Next day

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AI summary

The Board of Protean eGov Technologies has accepted the resignation of Managing Director and CEO Mr. Suresh Sethi, effective March 31, 2026, to pursue other interests. Mr. Sethi led the company's public listing and rebranding. Current Executive Director and COO Mr. V Easwaran, with over 30 years in banking, will step in as Interim CEO from April 1, 2026, until a permanent successor is found.

Likely market impact

Planned leadership transition with internal appointee as interim CEO provides continuity. Markets will watch for permanent CEO appointment.