Announced Thu, 16 Jul · 17:48 IST
Protean eGov postal ballot for new MD and CEO appointment
PROTEAN · price
▲ 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
-0.3%1-day move
₹589.00
prior close
₹588.95
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-0.6-1.0-0.9-1.0-0.3+1.2-0.9-3.1+0.8—————
Up moveDown movePending
AI summary
Protean eGov seeks shareholder approval via postal ballot for: (1) appointing Mr. Ajay Rajan as Director, (2) appointing him as MD and CEO for 3 years (June 2026 to May 2029) with annual CTC of about Rs 3.5 crore plus bonuses totaling Rs 2.4 crore, and (3) appointing Mr. Nandkumar Saravade as Independent Director for 3 years. Rajan (51) brings 30+ years banking experience from YES Bank and Deutsche Bank. E-voting runs July 17 to August 15, 2026.
Likely market impact
New external CEO Ajay Rajan (ex YES Bank, Deutsche Bank) takes charge June 2026; postal ballot underway to ratify appointment and pay package.